Battle over EV tax credit pits automakers against oil interests

Green Car Reports

The possibility of an extension for the $7,500 federal EV tax credit has recently intensified lobbying efforts in Washington D.C.—and Plug-In Hybrids EV tax credit

EV tax credit extension gets bipartisan juice in Senate

Green Car Reports

Despite President Trump's efforts to torpedo electric-car tax credits, extending them has become a bipartisan effort in the Senate. In the face of the tax credits winding down first for automakers who've sold hundreds of thousands of electric cars, several Democrats and Republicans proposed a bipartisan bill Wednesday that would extend tax credits. General Motors tax credit Donald Trump

Trending Sources

Trump administration plans to end electric-car tax credits

Green Car Reports

As tax credits begin to expire for some automakers and the electric-car industry begins to lobby to extend them, the Trump administration plans to end them altogether. President Donald Trump's Chief Economic Adviser Larry Kudlow told Reuters that the administration plans to end the $7,500 federal tax credit by 2020 or 2021 for all automakers. tax credit

2020 Trump budget would pull plug on electric vehicle tax credit

Green Car Reports

In his budget aimed at cutting $126 billion or 5 percent from non-defense federal spending, President Trump proposes to eliminate the plug-in vehicle tax credit that gives electric-car buyers up to $7,500 back on their federal taxes. Trump economic adviser Larry Kudlow says he expects ending the tax credit to save the government $2.5 tax credit plug-in cars

Federal tax credit on Tesla models set to ratchet down again July 1

Green Car Reports

Buyers who want to buy a Tesla have only a few days to take delivery if they want to earn a federal tax credit of $3,750 after they buy. Tesla is in the midst of the phase-out of its federal tax credit after it reported selling a cumulative total of 200,000 cars last July. The $1,875 credit on Teslas will last from July 1 to December 31, before. deals EV tax credit

Opinion: Expiring tax credits hurt U.S. automakers, favor imports

Green Car Reports

Now the President, seemingly in opposition to that stance, has launched into a war of words with two of America's largest automakers—its youngest and one of its oldest—over the tax credits that have. General Motors tax credit Donald TrumpPresident Trump campaigned on a promise to aid U.S. manufacturers and provide more incentives for them to produce products in the U.S.

EV Drive coalition begins lobbying effort to save tax credit

Green Car Reports

Members of the lame-duck Congress all got letters on their desks Tuesday stating why the electric-car tax credit should be revised and extended. Along with a five-point fact sheet made public Tuesday, the effort is the first salvo in a battle by the newly-formed EV Drive Coalition to extend the plug-in vehicle tax credit, which is expiring for two. GM Chevy Volt tax credit plug-in cars

Tesla Model 3 becomes eligible for Canada's EV tax credit with 93-mile version

Green Car Reports

The new version is designed to limbo under the $45,000 (Canadian) price cap on Canada's new $5,000 (Canadian) electric-vehicle tax credit, which was itself designed to exclude wealthy Tesla buyers from receiving government rebates for buying their new cars. Canada EV tax creditTesla announced a new entry-level version of the Tesla Model 3 for Canada on Wednesday.

Tax credit credited for boosting Canadian EV sales by 30 percent

Green Car Reports

After Canada introduced a nationwide $5,000 tax credit for electric cars, sales shot up by 30 percent, the country's Transport Ministry announced on Thursday. The government announced the tax credit in March, after a new provincial election in Ontario last July brought a Conservative government to power which ended that province's $14,000 tax.

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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.

Congressional Democrats file bills to extend federal electric-car tax credits

Green Car Reports

Vermont Congressman Peter Welch has filed a bill to extend federal electric-car tax credits for 10 more years, just as the credits begin to run out on the two largest electric-car manufacturers, Tesla and General Motors. IRS Tax CreditBoth Tesla and General Motors are expected to reach their cap of 200,000 electric car sales in 2018. Tesla may already have.

Canada plans its first nationwide EV tax credit

Green Car Reports

Just as President Trump is threatening to eliminate the plug-in vehicle tax credit in the U.S. through his latest budget proposal, Canada is planning to implement its first nationwide tax credit for buyers of electric cars—one that may not apply to Tesla vehicles. Last summer, Tesla sales took off in Ontario when the company began shipping. Canada Ontario

Tesla offers to cover remainder of full tax credit if it can't deliver by year-end

Green Car Reports

Buyers interested in a Tesla have just one week to take delivery before the full federal tax credit gets cut in half—unless Tesla can't get the car delivered until the new year, that is. CHECK OUT: Tesla (again) says buyers must order today for full tax. tax creditThen, Tesla says it will make up the difference. There are some caveats, of course.

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

What effect will lower tax credits on Tesla and GM plug-ins have? Twitter poll results

Green Car Reports

For a bunch of electric-car owning acolytes, our readers are surprisingly sanguine about the reduction and eventual expiration of plug-in tax credits on electric-car sales. We've reported extensively on the expiring tax credits, which will affect models from Tesla and GM in 2019. When Congress set up the tax credits in 2007, it scheduled them to. General Motors tax credit Polls

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.

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.

Ending tax credits would kill electric-car market, Edmunds says

Green Car Reports

The electric-car market may be in for a serious downturn when current federal tax incentives end, assuming the Trump administration declines to extend them, according to a new analysis. In 2010, the government began offering tax credits of $2,500 to $7,500 to the first 200,000 U.S. incentives tax credit plug-in cars

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.

Tesla changes, EPA updates, tax credits, Kia Soul EV review: The Week in Reverse

Green Car Reports

karma EPA plug-in cars The Week In Reverse lithium Andrew Wheeler EV tax creditWhich U.S. state may regain the title of lithium-mining capital? What model will Tesla quit selling online? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending April 12, 2019. Tesla shook up its lineup again on Friday, announcing leases for the Model 3 and dropping the base $35,000 from its.

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

Tesla Model 3, long-range Nissan Leaf, cutting tax credits: Today's Car News

Green Car Reports

The Trump administration plans to end tax credits for plug-in cars. tax creditThe EPA released official range and efficiency estimates for the Tesla Model 3 Mid Range. The long range Nissan Leaf is a no-show at the 2018 LA Auto Show—now we hear why. And we ask what should happen with the Chevrolet Volt's technology now that the car has been.

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The bill maintains the $7,500 tax credit for the first 200,000 units sold.

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What happens to electric-car sales when tax credits sunset? Each maker differs

Green Car Reports

market without the $7,500 federal tax credit for their purchases of plug-in vehicles. While the tax credit ended up surviving the massive tax-cut bill passed in December, some automakers are still about to face the end of the incentive. General Motors sales Plug-In Hybrids GM incentives tax credit New car sales plug-in cars Battery Electric Vehicle (BEV Toward the end of last year, electric-car shoppers began to think about a U.S.

In an ideal world, this is how electric-car tax credits should work

Green Car Reports

The tax reform bill likely to be voted on by the U.S. Senate and House of Representatives retained a number of provisions originally slated to be cut from the tax code. Among them was the federal income-tax credit for purchase of a plug-in electric vehicle. New York Politics sales rebates Plug-In Hybrids California congress incentives tax credit plug-in cars Battery Electric Vehicle (BEV

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

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.

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

Tesla, GM, Nissan band together to extend electric-car tax credits

Green Car Reports

As tax credits for buyers of America's two most popular electric-car brands begin to sunset, automakers and advocates are banding together to restructure the tax-credit program and extend them. Tesla, General Motors, and Nissan—the top three sellers of electric cars in the U.S.—have —have banded together with the Center for Climate and

$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.

What effect will lower tax credits on Tesla and GM plug-ins have in the new year? Take our Twitter poll

Green Car Reports

The wind-down of federal tax credits on plug-in vehicles begins to hit in 2019. Tax credits for Tesla buyers were already reduced to $3,750 on Tuesday. The reduction in the credits is likely to have an effect on sales, especially as GM has already. tax credit PollThe same reduction is scheduled to hit GM's plug-in models, the Chevy Volt and Bolt EV on April 1.

Tesla sets Monday deadline for full tax credit

Green Car Reports

Tesla has given buyers a deadline of Monday to order a car if they want the full $7,500 federal tax credit. That's 2-1/2 months before the credit officially expires, but since most Teslas are built to order, the company needs some lead time for orders. A notice on Tesla's website reads: "All orders placed by October 15, 2018 will be delivered by

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.

Conservative poll says Americans resent electric-car tax credits

Green Car Reports

Results of a study released Tuesday by the American Energy Alliance found that most voters object to tax credits for electric cars. Tellingly, the poll also shows that the public generally supports electric cars themselves. Two-thirds said they are better for the environment than than gasoline powered cars, and 50 percent (a plurality) named that

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

Tesla sells 200,000th car, starting phaseout of federal tax credits

Green Car Reports

Following the change, Tesla buyers will only be eligible to receive the full $7,500 federal tax credit until Dec. After that, the credits will halve Tesla's vehicle purchase incentives web page on Thursday morning reported that the wind-down of incentives for buyers of its cars has begun. The change was first noted and reported by Jalopnik.

California, NHTSA lawsuit; Karma GT; Canada tax credits; self-driving mpg: Today's Car News

Green Car Reports

New federal tax credits in Canada have boosted EV sales in the country, the government says. California filed another lawsuit against the Trump administration over proposed fuel-economy rules, this time about fines. Karma plans to show off its GT by Pininfarina coupe at Monterey Car week this month. And a new study by Volvo hints at how much fuel. Today in Car News

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.

Subaru Crosstrek Hybrid, cheap renewables, tax credits: Today's Car News

Green Car Reports

Automakers join forces to lobby for extending electric-car tax credits. California regulatory documents show range estimates for the new Subaru Crosstrek Hybrid. A new report shows that building new renewable power can be cheaper than running old coal plants. And California preps for half a million electric cars. All this and more on Green Car. Car Sharing

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.

Tesla tax credits cut, BMW gas engines run on, Europe likes SUVs: Today's Car News

Green Car Reports

Tesla faces another drop in tax-credit eligibility for its cars on Monday. The federal tax credit on Teslas is. The company is also reportedly working to develop its own batteries. Automakers are concerned they won't be able to sell enough EVs in Europe. And BMW says gas engines won't go away any time soon. All this and more on Green Car Reports. Today in Car News

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No deal for Chevrolet Volt, Chevy Bolt EV buyers in final days of tax credit

Green Car Reports

Consumers have less than three days to buy a plug-in Chevy Volt or Bolt EV from GM and still qualify for the full $7,500 federal tax. Nor does GM have any plans to cut prices after the tax cut expires on Monday, as Tesla did with its cars after the tax credit. And yet Chevrolet isn't making any final push to clear out inventories of either car. Plug-In Hybrids

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