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

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, 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.

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.

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

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.

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

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

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.

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.

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

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

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.

Tesla to offer full refunds to buyers who miss tax credit cutoff

Green Car Reports

As we've covered here before, Tesla buyers are facing the expiration of the full federal plug-in vehicle tax credit that the cars are currently eligible for through Dec. Twice, Tesla has set deadlines for buyers to order their cars if they want to receive the full credit. Now Tesla is offering a carrot alongside the IRS's stick. CHECK OUT

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

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

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

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

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.

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.

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

Tesla (again) says buyers must order today for full tax credit

Green Car Reports

If you want to buy a Tesla and get the full tax credit, today is your last day to order for Tesla to guarantee delivery by December 31. With the tick-over of the new year, the federal tax credits on Teslas will be reduced from $7,500 to $3,750. That could raise base price of a Tesla from $39,700 after the tax credit to $43,450 (including delivery

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.

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.

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

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 nearing limit of $7,500 federal tax credits, which will boost effective prices this fall

Green Car Reports

Adding to Elon Musk's headaches this month, Tesla is about to hit the limit on federal tax credits for electric cars. The tax credits, passed in 2008 as part of the Energy Improvement and Extension Act and signed by President George W. This could effectively raise prices for buyers of the company's critical Model 3. Bush, grant taxpayers who buy

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.

Beyond the federal tax credit: A Guide to Clean Car Incentives

Green Car Reports

The king of all financial incentives for plug-in cars is, of course, the federal tax credit of up to $7,500. With Tesla’s federal tax credit already on its way to expiring and GM’s close behind, it’s worth knowing where to look for other incentives for those who want an electric car. It’s not the only one, though.

When Tesla's tax credits expire, which electric car would you buy? Twitter poll results

Green Car Reports

Last week, we reported that the federal tax credits for electric-car buyers are about to expire. Once any automaker sells 200,000 electric cars, the credits available to its buyers begin to wind down. Since Tesla has been selling electric cars longer than any other automaker (at least since the credits were passed), and has sold more electric cars.

GM confirms it will reach EV tax credit ceiling this year—then phaseout begins

Green Car Reports

Beginning next April, buyers of General Motors’ electric vehicles and plug-in hybrids won’t be getting the same break on their purchase as those who buy those vehicles from any other brand. Any other brand but Tesla, that is. GM has confirmed to Green Car Reports that it will reach 200,000 deliveries of vehicles eligible for the

Tesla tax credits, BMW charger recall, and Israel to ban internal-combustion engines: Today's Car News

Green Car Reports

Tesla tells buyers the final date to order a car before federal tax credits expire. BMW recalls charge cords for its electric cars. Israel plans to stop the sale of cars with internal-combustion engines by 2030. And we round up the best deals on green cars this month. All of this and more on Green Car Reports. Monday is the final date to place an

After Tesla's federal tax credits expire, which electric car would you buy?

Green Car Reports

Last week, we reported that Tesla is close to reaching the end of its allocation of federal tax credits for those who buy its cars. The credits amount to a $7,500 discount for most buyers. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars. They offered buyers a way to offset. Polls

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

Tesla price hike, Dyson factory plan, GM tax-credit sunset: Today's Car News

Green Car Reports

GM is next, after Tesla, in hitting the 200,000 ceiling for the EV tax credit. The EPA dismisses some more groups of scientists. And electric-vehicle hopeful Dyson is soon starting a factory, as Faraday Future's struggles continue. All this and more on Green Car Reports. Less than six days after rolling its new Model 3 Mid Range out for order. Today in Car News

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.

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 [.].

Tesla brakes and tax credits, Sono solar car, Twitter poll on charging: Today's Car News

Green Car Reports

Based on Tesla's own delivery reports, the company is reaching the end of its allotment of $7,500 federal tax credits for buyers. After Consumer Reports refused to recommend the Tesla Model 3 over poor performance in its emergency braking tests, Tesla announced it would send an over-the-air update to improve the car's braking ability. This could

Electric-Car Charging-Station Tax Credit Expires On Dec 31st

Green Car Reports

More specifically, at least, you''ll have to get it up and running by December 31 this year in order to take advantage of a Federal income-tax credit of 30 percent of the cost of purchase and installation. The credit Consider this your last warning: If you''re planning on getting a charging station for a plug-in electric car, you only have 30 days.

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

Trump vows retaliation against GM for layoffs

Green Car Reports

tax credit plug-in carsAfter General Motors announced on Monday that it will kill the Chevy Volt as part of an effort to streamline its lineup, close five factories, and lay off 15 percent of its workers, President Trump took to Twitter to vow retaliation for the damage the layoffs could do to the U.S. economy. The U.S. saved General Motors, and this is the THANKS we.

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