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Now that the federal plug-in tax credit has begun to wind down on the U.S.-made Politics transportation policy Incentives and Rebates EV tax creditmade Chevrolet Bolt EV, members of Congress propose to do something about it. Democrats have proposed several bills in Congress to remove the manufacturer-based 200,000-car cap on the credits and extending them for 10 years, and a new proposal by California Democrat Ro. MORE
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 MORE
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. MORE
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 MORE
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. MORE
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 MORE
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 MORE
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. MORE
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. deals EV tax creditThe $1,875 credit on Teslas will last from July 1 to December 31, before. MORE
EV tax creditIn a little more than a month, General Motors will face a slightly stronger headwind in its ability to sell electric vehicles—and, perhaps, make money from them. EVs and plug-in hybrids from the automaker that are delivered starting October 1 will only be eligible for a $1,875 credit amount, versus the $3,750 they’ve been eligible for. MORE
The process of drafting a so-called tax reform bill has been shrouded in mystery, with even Republican congressmembers admitting they didn't know what provisions it would contain. But according to a report on Thursday, the draft of the Tax Cuts and Jobs Act proposed in the House of Representatives on Thursday immediately eliminates the income-tax. Politics rebates incentives tax credit taxes plug-in cars MORE
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. MORE
Maine has become the latest in a growing string of states to propose adding registration fees for hybrid and electric cars to make up for tax revenue on the gasoline they don't use, or use less of. But it's also part of a much smaller group of those states in which the fees are punitive: drivers of those cars pay more than the gas taxes paid by. Politics maine taxes Gas Tax Driving fees state laws MORE
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—and pitted the efforts of the auto industry soundly against those of the oil and gas industry. So reports the Washington Post. According to its report this week, the powerful companies and interests opposing the. MORE
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. MORE
The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. The Volvo XC40 Recharge, the company’s first fully electric vehicle, will carry an MSRP of $53,990 when it arrives in US showrooms later this year. MORE
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. MORE
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 MORE
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 MORE
The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06 MORE
Critics of electric cars often use the argument that, because electric-car drivers don't pay gas taxes, they don't contribute their fair share of road-maintenance costs. But state gas-tax revenue don't necessarily go toward funding infrastructure, or at least not all of it. Infrastructure Gas Tax transportation policy New Jersey MORE
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. MORE
SEPTEMBER 12, 2019
Some states are assessing additional fees on electric vehicle owners that end up being in excess of what the average car owner pays in gas taxes, consumer advocates said Wednesday. Electric Car TaxesConsumer Reports found that 26 states (up from 17 a little more than a year ago) have implemented policies mandating additional registration fees for owners of electric. MORE
The Federal tax on gasoline is 18.4 cents per gallon, and each state has a gasoline tax, ranging from 8.95 Since taxes are charged on a per-gallon basis, someone with a more efficient vehicle will pay less in taxes over the course of a year. Based on average mpg and miles driven, a person owning a gasoline vehicle pays between $141 and $398 in fuel taxes each year, depending upon the state in which the fuel is purchased. MORE
EV tax creditGeneral Motors is facing a slightly stronger headwind in its ability to sell electric vehicles—and, perhaps, make money from them. EVs and plug-in hybrids from the automaker that are delivered starting September 1 will only be eligible for a $1,875 credit amount, versus the $3,750 they’ve been eligible for since April 1 of this year. MORE
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. MORE
House leadership Wednesday to show support for reforming clean energy tax policies. One key element of the plan is an expansion of the federal EV tax credit Proponents of reform are calling for an increase in the existing cap of 200,000 eligible sales per manufacturer to 600,000, with a A coalition of 166 representatives sent a letter to the U.S. MORE
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. MORE
In the last few months, it has become clear how much of an effect the federal plug-in vehicle tax credit has on sales of electric cars. The tax credit on Teslas was cut in half in January, from $7,500 to $3,750, and its sales dropped from more than 90,000 cars to 63,000 after the tax credit was cut. tax credit Polls MORE
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. MORE
New Jersey’s Department of the Treasury announced on Friday that lower fuel consumption trends, which have been exacerbated by the COVID-19 pandemic, will necessitate a gas tax increase of $0.093 per gallon in order to ensure compliance with the 2016 law that requires a steady stream of revenue to support the state’s Transportation Trust Fund (TTF) program. The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%). MORE
As part of a declaration posted Friday by the country’s Ministry of Industry and Information Technology, Tesla is receiving an exemption from a 10-percent purchase tax. The California-based electric car maker Tesla has received a boost from the nation with the world’s largest auto market—China. The news, which is part of a broad. China gigafactory MORE
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. MORE
The growth came not only as Tesla's production blew through its allotment of federal tax credits, but also as changes based on the 2017 tax law raised many taxpayers' tax bills, come last month. Polls EV tax creditElectric-car sales skyrocketed in the U.S. last year as Tesla Model 3 production ramped up. MORE
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. MORE
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? MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
Joe Biden announced a broad environmental plan Tuesday that includes provisions to broaden the federal electric-car tax credit and revive the "Cash for Clunkers" program. Biden will restore the full electric vehicle tax credit to incentivize the purchase of these vehicles," a statement on the presumptive Democratic presidential nominee's campaign. MORE
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. MORE
Tax Related Topics Green Car Reports
JUNE 27, 2019
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—and pitted the efforts of the auto industry soundly against those of the oil and gas industry. So reports the Washington Post. According to its report this week, the powerful companies and interests opposing the.
Green Car Reports
NOVEMBER 30, 2018
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
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Green Car Reports
NOVEMBER 13, 2017
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.
Green Car Reports
MARCH 20, 2018
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.
Green Car Reports
DECEMBER 14, 2017
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.
Green Car Reports
JUNE 28, 2019
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. deals EV tax creditThe $1,875 credit on Teslas will last from July 1 to December 31, before.
Green Car Reports
MAY 8, 2019
The growth came not only as Tesla's production blew through its allotment of federal tax credits, but also as changes based on the 2017 tax law raised many taxpayers' tax bills, come last month. Polls EV tax creditElectric-car sales skyrocketed in the U.S. last year as Tesla Model 3 production ramped up.
Green Car Reports
SEPTEMBER 12, 2019
Some states are assessing additional fees on electric vehicle owners that end up being in excess of what the average car owner pays in gas taxes, consumer advocates said Wednesday. Electric Car TaxesConsumer Reports found that 26 states (up from 17 a little more than a year ago) have implemented policies mandating additional registration fees for owners of electric.
Green Car Reports
FEBRUARY 11, 2018
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
Green Car Reports
APRIL 5, 2019
Now that the federal plug-in tax credit has begun to wind down on the U.S.-made Politics transportation policy Incentives and Rebates EV tax creditmade Chevrolet Bolt EV, members of Congress propose to do something about it. Democrats have proposed several bills in Congress to remove the manufacturer-based 200,000-car cap on the credits and extending them for 10 years, and a new proposal by California Democrat Ro.
Green Car Reports
AUGUST 29, 2019
EV tax creditIn a little more than a month, General Motors will face a slightly stronger headwind in its ability to sell electric vehicles—and, perhaps, make money from them. EVs and plug-in hybrids from the automaker that are delivered starting October 1 will only be eligible for a $1,875 credit amount, versus the $3,750 they’ve been eligible for.
Green Car Reports
AUGUST 29, 2019
EV tax creditGeneral Motors is facing a slightly stronger headwind in its ability to sell electric vehicles—and, perhaps, make money from them. EVs and plug-in hybrids from the automaker that are delivered starting September 1 will only be eligible for a $1,875 credit amount, versus the $3,750 they’ve been eligible for since April 1 of this year.
Green Car Reports
NOVEMBER 2, 2017
The process of drafting a so-called tax reform bill has been shrouded in mystery, with even Republican congressmembers admitting they didn't know what provisions it would contain. But according to a report on Thursday, the draft of the Tax Cuts and Jobs Act proposed in the House of Representatives on Thursday immediately eliminates the income-tax. Politics rebates incentives tax credit taxes plug-in cars
Green Car Reports
FEBRUARY 13, 2018
Maine has become the latest in a growing string of states to propose adding registration fees for hybrid and electric cars to make up for tax revenue on the gasoline they don't use, or use less of. But it's also part of a much smaller group of those states in which the fees are punitive: drivers of those cars pay more than the gas taxes paid by. Politics maine taxes Gas Tax Driving fees state laws
Green Car Reports
JULY 16, 2020
Joe Biden announced a broad environmental plan Tuesday that includes provisions to broaden the federal electric-car tax credit and revive the "Cash for Clunkers" program. Biden will restore the full electric vehicle tax credit to incentivize the purchase of these vehicles," a statement on the presumptive Democratic presidential nominee's campaign.
Green Car Reports
OCTOBER 10, 2015
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
Green Car Reports
DECEMBER 24, 2018
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.
Green Car Reports
JULY 3, 2018
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.
Green Car Reports
OCTOBER 26, 2017
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.
Green Car Congress
OCTOBER 22, 2020
The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. The Volvo XC40 Recharge, the company’s first fully electric vehicle, will carry an MSRP of $53,990 when it arrives in US showrooms later this year.
Green Car Reports
MAY 2, 2019
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.
Green Car Reports
SEPTEMBER 8, 2015
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.
Green Car Reports
MAY 15, 2015
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.
Green Car Reports
MARCH 9, 2015
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.
Green Car Reports
JANUARY 29, 2018
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
Green Car Reports
DECEMBER 19, 2017
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
Green Car Congress
DECEMBER 3, 2019
The Federal tax on gasoline is 18.4 cents per gallon, and each state has a gasoline tax, ranging from 8.95 Since taxes are charged on a per-gallon basis, someone with a more efficient vehicle will pay less in taxes over the course of a year. Based on average mpg and miles driven, a person owning a gasoline vehicle pays between $141 and $398 in fuel taxes each year, depending upon the state in which the fuel is purchased.
Green Car Congress
SEPTEMBER 29, 2020
The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06
Green Car Reports
FEBRUARY 26, 2018
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.
Green Car Reports
JANUARY 9, 2018
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.
Green Car Reports
NOVEMBER 4, 2019
House leadership Wednesday to show support for reforming clean energy tax policies. One key element of the plan is an expansion of the federal EV tax credit Proponents of reform are calling for an increase in the existing cap of 200,000 eligible sales per manufacturer to 600,000, with a A coalition of 166 representatives sent a letter to the U.S.
Green Car Reports
APRIL 30, 2019
In the last few months, it has become clear how much of an effect the federal plug-in vehicle tax credit has on sales of electric cars. The tax credit on Teslas was cut in half in January, from $7,500 to $3,750, and its sales dropped from more than 90,000 cars to 63,000 after the tax credit was cut. tax credit Polls
Green Car Reports
JANUARY 19, 2018
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.
Green Car Reports
JANUARY 8, 2019
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
Green Car Reports
AUGUST 30, 2019
As part of a declaration posted Friday by the country’s Ministry of Industry and Information Technology, Tesla is receiving an exemption from a 10-percent purchase tax. The California-based electric car maker Tesla has received a boost from the nation with the world’s largest auto market—China. The news, which is part of a broad. China gigafactory
Green Car Reports
AUGUST 5, 2019
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.
Green Car Reports
FEBRUARY 22, 2018
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.
Green Car Reports
FEBRUARY 24, 2017
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.
Green Car Reports
JANUARY 16, 2018
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
Green Car Congress
AUGUST 31, 2020
New Jersey’s Department of the Treasury announced on Friday that lower fuel consumption trends, which have been exacerbated by the COVID-19 pandemic, will necessitate a gas tax increase of $0.093 per gallon in order to ensure compliance with the 2016 law that requires a steady stream of revenue to support the state’s Transportation Trust Fund (TTF) program. The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%).
Green Car Reports
APRIL 4, 2017
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.
Green Car Reports
AUGUST 2, 2017
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.
Electric Cars are for Girls
MARCH 29, 2011
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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