Automakers, electric utilities want electric-car tax credit extended

Green Car Reports

later this year, it will begin a phasedown process during which the income-tax credits available to its buyers start to dwindle on a set schedule. Politics incentives tax credit taxes electric utilities plug-in carsWith Tesla likely to hit 200,000 electric cars sold in the U.S. General Motors is likely to hit the same cap a couple of quarters after Tesla. Now those two companies are lobbying for an expansion of.

Budget deal restores tax credits for EV charging stations, electric motorcycles, fuel-cell cars

Green Car Reports

Fears that Congress would kill the federal tax credit for purchase of a plug-in electric car were laid to rest in December when that incentive survived the $1.5 billion tax-cut bill. Now Congress has added back a handful of other tax credits related to electric cars and greener transportation in the $400 billion budget bill it passed in the wee. incentives tax credit plug-in cars hydrogen fuel cell electric motorcycles

Trending Sources

Tesla expects 200,000th U.S. sale this year, electric-car tax credits to start phaseout

Green Car Reports

sales of electric cars that qualify for the full federal tax credit of $7,500? That number is 200,000; after the rest of that calendar quarter and the one following, the credit is halved for a further two quarters. sales incentives Tesla Motors tax credit New car sales plug-in cars Battery Electric Vehicle (BEV It's been a topic of discussion for years: What will happen when a carmaker reaches the cap on U.S.

Georgia to take second try at electric-car tax credit after killing first one

Green Car Reports

Several years ago, Georgia offered a generous state-tax credit for purchase of a zero-emission vehicle, and its sales of electric cars boomed. When state politics interceded to kill that credit in 2015—and add a new tax specifically on those same vehicles—the state became a case study on what happens when such incentives are suddenly. Politics incentives tax credit Georgia plug-in cars Battery Electric Vehicle (BEV) state laws

Electric-car tax credit retained in Congressional tax reform bill: report

Green Car Reports

income-tax credit for purchase of a plug-in electric vehicle will not be killed after all. Politics Plug-In Hybrids congress incentives tax credit plug-in cars Battery Electric Vehicle (BEV We'll likely never know whether it was the influence of auto lobbyists, pressure from the actual public, or a letter signed by two dozen mayors. But however the sausage was made, it appears that the U.S.

Could improving electric-car tax credit be possible even with today's politics?

Green Car Reports

Rather to the surprise of electric-car advocates, the massive tax bill passed by the U.S. Congress in December did not eliminate the federal tax credit for purchase of a plug-in electric vehicle. That credit lets buyers take a credit of $2,500 to $7,500 on their income-tax filing in the year of purchase. Politics Plug-In Hybrids incentives tax credit plug-in cars Battery Electric Vehicle (BEV

New propaganda video on electric-car tax credits: time to debunk!

Green Car Reports

federal income-tax credit for purchase of an electric car has seen its share of attacks over the years. Videos tax credit plug-in cars mythsThe U.S. Now a new video seeks to twist the facts to paint those subsidies in a bad light. While facts don't lie, it's easy to create a new narrative by taking carefully chosen facts out of context and presenting only a small part of a broader.

Will GM or Tesla buyers lose electric-car tax credits first?

Green Car Reports

A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited. Once a manufacturer reaches sales of 200,000 plug-in electric cars (after December 31, 2009), the credits start to phase out for that company's cars. General Motors incentives Tesla Motors tax credit plug-in cars Tesla Model 3

$49,900 after tax credit

Plugs and Cars

After a federal tax credit of $7,500, the effective price will be $49,900." Elon Musk has disclosed the intended price of Model S, even if the car itself must spend another week under wraps. And another two years before production cars begin to roll off an assembly line.

22 mayors join letter urging electric-car tax credit retention by Congress

Green Car Reports

tax policy for the first time in three decades are now being reconciled by a joint committee from both houses of Congress. Politics Plug-In Hybrids congress incentives tax credit plug-in cars Battery Electric Vehicle (BEV Two bills from the Senate and House of Representatives that would radically reform U.S. No public hearings on those bills have been held in either chamber, and the legislation is closely guarded. It would be fair to call the.

Most Electric-Car Tax Credits Benefit Highest-Income Households

Green Car Reports

When it comes to encouraging electric-car adoption, tax credits and other financial incentives are an important tool. California incentives tax credit plug-in cars transportation policyThey can help erase the typical price premium of electric cars over comparable internal-combustion models. But as greater amounts of money are given to electric-car buyers, there has been considerable debate over whether the.

Nevada treasurer, Faraday's nemesis, turns eye toward Tesla tax-credit transfer

Green Car Reports

Manufacturing government incentives jobs tax credit plug-in cars nevada gigafactory Faraday FutureThe state of Nevada has been fairly generous to startup electric-car makers that pledge to establish manufacturing operations within its borders. After offering a generous incentive package several years ago, the Silver State landed Tesla's lithium-ion battery "Gigafactory," which is now up and running just outside Reno. Then it lured the.

Tax Credit For Hydrogen Fuel-Cell Vehicles Extended By Budget Deal

Green Car Reports

It included the renewal of a home-refueling tax credit that covers electric-car charging stations, a provision for installing charging stations at government facilities, and other relevant items. zero emissions hydrogen incentives tax credit hydrogen fuel cell transportation policyThe recently-passed Congressional transportation-funding bill contained many positives for electric-car advocates.

Chevy prices 2017 Bolt EV at $37,495; $29,995 after federal tax credit

Green Car Congress

Depending on individual tax situations, customers may receive an available federal tax credit of up to $7,500 for a net value of $29,995. Pricing includes destination and freight charges and excludes tax, title, license and dealer fees.

IL Suspends Clean-Car Rebates; GA Tax Credit In Trouble Too; Texas Next?

Green Car Reports

State tax credits and purchase rebates have proven effective in kickstarting the early market for plug-in electric cars and other green vehicles. Green Georgia Illinois Texas incentives plug-in cars rebates state laws tax credit But they don''t last forever, as buyers in Illinois and Georgia are learning; the Ilinois program has been suspended, and Georgia seems likely to kill off its program as well. Then there''s Texas, where a.

VW: $50 Million In Tax Credits, Wanted Electric-Car Credits For Diesels Too

Green Car Reports

Buyers of various Volkswagen TDI diesel vehicles took about $50 million in Federal income-tax credits in 2009 for the purchase of their supposedly green car. With Michael Horn, CEO of VW Group of America, testifying to Congress today, those credits--and whether the Federal government should be reimbursed for them, and by whom--are likely to. emissions EPA TDI incentives CAFE tax credit regulation Corporate Average Fuel Economy

Lucid Motors pricing base Lucid Air luxury EV at $52,500 after Fed tax credits; fully loaded above $100K

Green Car Congress

Lucid Motors, a Silicon Valley-based electric vehicle company, announced that the base version of its first vehicle, the Lucid Air luxury sedan ( earlier post ), will have a starting price of $52,500 after federal tax credits.

Help Plug In America renew the EV infrastructure tax credit

Plugs and Cars

From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure tax credit into the stimulus bill. These EV tax credits of 50% up to $2,000 for individuals, and 50% up to $50,000 for businesses have led to the beginning of early deployment of EV charging infrastructure all across the United States.

2018 BMW i3 preview, electric-car tax credit phaseout, hydrogen airplanes: Today's Car News

Green Car Reports

Today, we have spy shots of the 2018 BMW i3 electric car, estimations of which automakers will lose their electric-car tax credits first, and an argument for liquid hydrogen as a replacement for jet fuel in airplanes. Tax credits for electric cars start to phase out when automakers reach 200,000 sales.

60% of $18B in US clean energy tax credits 2006-2012 went to top 20% by income; 90% in the plug-in program

Green Car Congress

A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit.

2015 107

Fisker EMotion, electric-car tax credit, plug-in cars for Costa Rica: Today's Car News

Green Car Reports

Today, we've got some wrapup articles from both last week's Consumer Electronics Show and this week's Detroit auto show, thoughts on the electric-car tax credit, and greener wheels in Costa Rica. All this and more on Green Car Reports. We were able to interview Henrik Fisker, the Danish designer whose Fisker EMotion 400-mile electric luxury car. Today in Car News

Hyundai Nexo SUV, Rivian electric pickup in 2020, Nissan eyes end of EV tax credits: Today's Car News

Green Car Reports

Today, a bit of clarity on a mysterious auto startup, some verdicts on the Hyundai Nexo fuel-cell SUV, and a look at how Nissan and others may handle the end of electric-car tax credits. What will happen when electric-car tax credits expire, and how will each maker handle it? All this and more on Green Car Reports. Turns out their answers may. Today in Car News

2018 46

Tesla Model 3 variants delayed; will some buyers lose $7,500 tax credit?

Green Car Reports

"Overall, I think, while there were challenges associated with Model 3 ramp, we were in a deeper level of hell than we expected, so a few levels deeper than we'd like to be, but swiftly exiting, I think." Those chastened but seemingly optimistic words came from the CEO of Tesla, Elon Musk, during a conference call discussing the company's. Elon Musk Production plug-in cars Battery Electric Vehicle (BEV

2018 65

When Do Electric-Car Tax Credits Expire?

Green Car Reports

By now, pretty much anyone who''s thinking of buying a plug-in electric car knows the Federal government offers an income-tax credit to help reduce the effective cost. But are shoppers who wait too long in danger of losing out on these credits? The short answer is no. Or at least, not if they buy within the next two or three years. Unlike a

Iowa Legislature passes biofuel bill; butanol blends, E-15 and biodiesel tax credits extended

Green Car Congress

Both houses of the Iowa Legislature have passed a bill ( SF2344 ) providing for biobutanol-blended gasoline; modifying the rate of the E-15 plus gasoline promotion tax credit; and extending provisions for a biodiesel production refund. The legislation also increases and extends the E-15 tax credit, extends the E-85 tax credit, and extends the biodiesel tax credit.

IRS Electric-Car Tax Credits: Reporting Discrepancies Remain

Green Car Reports

taxpayers start to grapple with their income-tax filings, due April 15, tens of thousands of taxpayers will benefit from a Federal income-tax credit of $2,500 to $7,500 offered to buyers of plug-in electric cars. As U.S. Enacted in 2009, it was intended to spur the early sales of such cars whose prices remain higher than those of their gasoline

Porsche execs on future electric cars, utilities lobby for EV tax credit, new Twitter poll: Today's Car News

Green Car Reports

Today, we've got a long and detailed summary of what we learned about Porsche's Mission E and future electric cars, some new lobbying partners to extend the plug-in purchase tax credit, and our latest Twitter poll. All this and more on Green Car Reports. This week's new Twitter poll asks when you expect to buy your first all-electric car (or, if. Today in Car News

2018 44

Income-tax credits, Harley Davidson electrics, killing clean energy, Jan plug-in car sales: Today's Car News

Green Car Reports

Today, we've got bad news from our capitol (again), an electric Harley Davidson on the way, an explanation of which carmakers may lose income-tax credits for electric-car sales, and a January plug-in car sales report. All this and more on Green Car Reports. For the first time since modern electric cars went on sale seven years ago, two makers face. Today in Car News

2018 49

EV tax credit, China vs US, hydrogen survival, Chevy vs Tesla, electric coal-hauling: Today's Car News

Green Car Reports

in the electric-car battle, Congress may have saved the EV tax credit, an electric cargo ship that hauls coal, and thoughts on Tesla versus Chevy. Today, a prediction China will wallop the U.S. All this and more on Green Car Reports. If electric-car buyers struggle with trading luxury and practicality, the brands involved are likely Tesla and. Today in Car News

Push for biofuels tax credits

Green Cars News

A group of biotechnology and biofuel companies and trade associations have appealed for an extension to the tax credits offered for cellulosic biofuels. They want the extension to apply for four years and also believe that algae biofuels should qualify for the credits as well as creating an option for monetising the tax credits as tax [.].

AMP electric SUVs qualify for $7,500 federal tax credit

Green Car Congress

AMP Electric Vehicles has been qualified by the IRS for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers. Some states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase. AMP is taking. icles.com/reserve">reservations for their all-electric vehicles. AMP currently offers electric versions of the Jeep Gran Cherokee and the Mercedes ML.

More Tesla Semis, EV charging stations, electric-car tax credit, EPA easy on polluters: Today's Car News

Green Car Reports

Today, more orders for the Tesla Semi, an opinion on how many charging stations are enough, EPA laxity, biofuels unhappiness, and news on the plug-in electric car income-tax credit. All this and more on Green Car Reports. Pepsi added itself to the list of companies that have reserved all-electric Tesla Semi trucks, with the largest single order to. Today in Car News

Green-car deals, EPA vs climate action, electric-car tax credit, Best Car To Buy 2018: Today's Car News

Green Car Reports

We've also got possibly good news on the electric-car tax credit, clearly bad news on EPA plans to kill the Clean Power Plan, and best green-car deals for November. Today, after lots of anticipation, we revealed our Best Car To Buy 2018. All this and more on Green Car Reports. Over the weekend, as we do every seven days, we ran down last week's. Today in Car News

2017 Toyota Highlander Hybrid, Prius 'marvel,' electric-car tax credits: Today's car news

Green Car Reports

Today, Toyota announces the refreshed 2017 Highlander Hybrid and a new Prius hybrid variant for the 2016 New York Auto Show, and we look at when electric-car tax credits expire. All this and more on Green Car Reports. The Nissan Leaf is withdrawn from New Zealand, and electric-car sales there plummet as a result. The refreshed 2017 Toyota. Today in Car News

PG&E offers new $3,000 rebate to Nissan Leaf buyers

Green Car Reports

California tax credit Incentives and RebatesCalifornia is already by far the No. 1 state for sales of electric cars, and the state's biggest utility apparently wants to add to that momentum. PG&E (formerly Pacific Gas & Electric) announced yesterday a new $3,000 purchase incentive for new Nissan Leafs. The utility company rebate is taken off the purchase price and comes on top of a.

2018 63

Bolt EV in winter, 2018 Kia Niro, electric-car tax credits, 2018 Nissan Leaf news: The Week in Reverse

Green Car Reports

Which two automakers may start to run out of electric-car tax credits this year? What happens if you buy a used Fiat 500e electric car outside California and it needs service? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending on Friday, February 2, 2018. Friday, we wrote that it's taken. The Week In Reverse

2018 43

GM Won't Fund CCS, VW TDI Fix Rejected, Electric-Car Tax Credits: Today's Car News

Green Car Reports

Today, General Motors says it won't fund Combined Charging Standard (CCS) DC fast-charging stations for the 2017 Chevrolet Bolt EV electric car, California rejects Volkswagen's proposed fix for 2.0-liter TDI diesel cars, and we look at when electric-car tax credits will expire.

Grassley-Conrad bill would extend ethanol tax credits through 2016

Green Car Congress

US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise tax credit, or VEETC, which is also known as the blenders’ credit. The Biotechnology Industry Organization (BIO) applauded the bill for its extension of the availability of the cellulosic biofuel tax credit.

When Federal Electric-Car Tax Credit Ends, Nissan Will Be Ready, Exec Says

Green Car Reports

Both Nissan and General Motors are roughly one-third of the way toward sales of the maximum number of plug-in electric cars that qualify for a Federal income-tax credit of $7,500. But a Nissan executive says that his company has already made plans for the day when those credits end. DON''T MISS: When Do Electric-Car Tax Credits Expire?

DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. The awards are made through the Advanced Energy Manufacturing Tax Credit program (48C Program). million 48C Tax Credit, Delphi Automotive Systems plans to invest $35.3