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.

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Senate tax plan leaves electric-car purchase credit in place

Green Car Reports

income-tax credit for purchase of an electric car took a new turn on Thursday. HR1, the draft Tax Cut and Jobs Act introduced in the House of Representatives, would end the credit as of December 31. Senate version of the tax-reform bill introduced late Thursday, however, retains the credit. Politics senate tax credit taxes plug-in carsThe battle over early termination of the U.S.

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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. Whether it would survive amidst the sweeping changes.

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

Oklahoma Supreme Court rules state's electric-car tax unconstitutional

Green Car Reports

In a 6-3 decision, the state's highest court struck down the bill as an unconstitutional tax. tax lawsuit United States plug-in cars Battery Electric Vehicle (BEV When the Oklahoma Legislature passed a bill earlier this year that imposed new fees on owners of hybrid and electric cars only, it was swiftly sued by the Sierra Club. Now the Oklahoma Supreme Court has rendered its verdict in that suit, filed in August.

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 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? 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. 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. Rough calculations indicate that.

Trump backs 25-cent gas-tax boost for road repairs and infrastructure (maybe)

Green Car Reports

The federal gas tax, which was supposed to pay for repairs and expansion to roads maintained or funded by the national government, now does nothing of the kind. federal gas tax a quarter of a century ago in 1993, to the 18.5-cents-per-gallon level it remains at today. Diesel fuel is taxed at 24.4 road Politics Infrastructure bridges repairs Gas Tax highways Donald Trump

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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

Virginia proposes state-tax rebate up to $3,500 for electric-car purchase

Green Car Reports

Reid [D-32nd] has proposed a bill, expected to hit the House floor Wednesday, that would see buyers of electric vehicles receive a state-tax rebate of up to $3,500. Plug-In Hybrids incentives tax credit plug-in cars Battery Electric Vehicle (BEV) state laws VirginiaVirginia is for lovers—and it may soon be for lovers of electric cars and plug-in hybrids, too. Virginia House Delegate David A.

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. 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. After that, the credits will halve

Gas tax should rise 25 cents to fund road repair: US Chamber of Commerce

Green Car Reports

Chamber of Commerce publicly suggests a major tax increase. In general, the pro-business lobbying group advocates for tax cuts, reducing or eliminating regulations, and free-market policies that allow companies to operate however they choose. Gasoline Politics Infrastructure Gas Tax state laws federal governmentIt's an unusual thing, to say the least, when the U.S.

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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.

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

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

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

$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.

GM, Nissan push to retain EV credit; tax bill also targets renewables, helps nuclear energy

Green Car Reports

The United States tax code hasn't seen a major overhaul in decades, and the current Congress—along with the Trump administration—may be learning, or re-learning, why. Numerous opponents have moved swiftly to condemn various aspects of the draft Tax Cuts and Jobs Act (HR1) proposed in the House of Representatives, released last. General Motors incentives tax credit plug-in cars Incentives and Rebates

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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.

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. General Motors incentives Tesla Motors tax credit plug-in cars Tesla Model 3Once 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.

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.

Hong Kong closed a tax loophole; is Tesla ancillary damage?

Green Car Reports

Government officials in Hong Kong have eliminated a popular tax exemption that made electric vehicles much cheaper to buy than comparable gasoline-powered models. China tax incentives plug-in cars Battery Electric Vehicle (BEV) Hong KongNow Tesla worries it could take the brunt of the blowback. The loophole helped make Hong Kong one of the biggest overseas markets for the Silicon Valley carmaker's luxury electric cars.

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Everything you need to know about the 2017 road tax changes

Green Cars News

As 2017 looms ever closer, many motorists may be concerned about the incoming changes to road tax bands and how it will affect their pockets. Environment Road tax TaxSet i.

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Washington state to vote on first US revenue-neutral carbon tax in November

Green Car Congress

On November 8, Washington will vote on the US’ first revenue-neutral carbon tax. If approved, Initiative 732 would establish a tax on carbon emissions at $15 per metric ton of emissions in July 2017; $25 in July 2018, and then 3.5% plus inflation each year until the tax reaches $100 per metric ton. The tax would be phased in more slowly for farmers and nonprofit transportation providers. Reduces the business and occupation tax rate from 0.484 to 0.001%.

2016 81

Tesla Model X SUV Qualifies For $25K 'HUMMER Tax Break'

Green Car Reports

Remember the gas-guzzler tax allowance, nicknamed the "HUMMER deduction" because it allowed small-business owners to buy massive, heavy, fuel-sucking SUVs and deduct a large piece of the cost from their taxes? But the Section 179 tax credit has. tax incentives Tesla Motors plug-in cars

Even California imposes new fee on electric cars in lieu of gas taxes

Green Car Reports

California Gas Tax state laws transportation policyLast week, the California state legislature approved a $52 billion transportation-funding package. Unlike the practice in previous years, this one is to be used only for improvements to the transportation infrastructure, to begin cutting into an estimated $ 130 billion backlog of repairs and expansions. As a result of the new bill, owners of.

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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

2018 67

DOE: US gasoline taxes dropped below 20% of total price in 2015

Green Car Congress

Fuel taxes in the United States in 2015 accounted for 19% of the price of a gallon of gasoline, down from just under 30% in 1990, according to figures compiled by the US Department of Energy (DOE). Japan’s gasoline taxes were nearly half of the price in those years.

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Why Higher Gas Taxes Would Have Been Best Way To Save Fuel

Green Car Reports

political landscape: You just can't come out and advocate for higher taxes. DON'T MISS: Low Gas Price An Opportunity For Higher Gas Tax? Politics CAFE Fuel Economy taxes Gas Tax transportation policy Corporate Average Fuel EconomyIt's now a widely-accepted tenet of today's U.S. For any purpose, under any circumstances, no matter what the end purposes. Any politician who does so will be punished by voters. Not A Chance Two recent articles.

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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.

They Wanna Tax us for Not Using Gas??

Electric Cars are for Girls

Electric cars don't use any gas (except for the Chevy Volt), but now legislators in three states, including mine, are trying to figure out how to make up the money they're going to lose on the gas tax we're not paying. Their idea for figuring out how to tax you for miles driven?

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Oil interests lobby against carbon tax before it even gets proposed

Green Car Reports

Those who make big money off oil interests are wasting no time nipping a new carbon tax in the bud. Before such a proposal ever reaches Congress, a coalition of conservative and energy interests—including the American Energy Alliance, and the Competitive Enterprise Institute—sent a letter to House Republican leaders on Tuesday decrying. climate change

2018 54

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.

Oregon To Test Nation's First Per-Mile Road Fee In Lieu Of Gas Taxes

Green Car Reports

That''s because road maintenance is heavily reliant on revenue from gas taxes, and that revenue is shrinking as cars use less fuel--and those that run on grid electricity use none. Green Gas Tax Infrastructure Oregon plug-in cars state laws taxes As cars get more efficient, their owners spend less money on fuel. That''s good for their wallets and for the environment, but not so good for the nation''s infrastructure.

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. Polls

2018 66

API releases latest report on US and state fuel taxes

Green Car Congress

The American Petroleum Institute has released its January 2014 update report and maps on gasoline and diesel taxes for all 50 states in the US along with a national average; the information is updated quarterly. Gasoline taxes, January 2014. Diesel taxes, January 2014.

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Government takes aim at salary sacrifice in tax policy consultation

Green Cars News

It looks like the Tories are trying to take down certain salary sacrifice schemes as part of a set of wholesale tax changes that could have a signific. Tax Salary sacrifice cars Leasing

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California BOE considers lowering gasoline excise tax rate for third year in a row

Green Car Congress

The California State Board of Equalization (BOE) will consider lowering the excise tax rate for gasoline by 2.2 If adopted, the excise tax rate on gas will be 27.8 The current excise tax rate of 30 cents per gallon remains in effect until 30 June 2016.

2016 78

Singapore levies carbon tax on used Tesla for electricity to recharge it

Green Car Reports

A businessman and electric-car fan who imported a Tesla Model S into Singapore has had to pay an additional emission tax on the zero-emission luxury car. While the Tesla runs solely on batteries and has no tailpipe from which to emit anything, the island state levied the tax to reflect the annual carbon-dioxide emissions of the electricity used to. Carbon Footprint emissions tax Tesla Motors electric utilities plug-in cars Singapore