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

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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

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

Rioting protesters win delay of new French carbon tax

Green Car Reports

And rioting in the streets is what put an end to a new gas-tax proposal in France this week. Technically, its wasn't even a straight gas tax. Gas TaxRioting in the streets is the sword of Damocles hanging over every decision a politician makes—especially when those streets happen to be French. DON'T MISS: Trump administration plans to end.

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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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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.

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.

NJ dedicates all gas tax revenue to transportation infrastructure

Green Car Reports

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

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Maine to hit hybrids, electric cars with fees higher than gas tax?

Green Car Reports

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

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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.

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

Draft tax bill eliminates credit for all electric-car buyers: report (updated)

Green Car Reports

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

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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

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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.

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

$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.

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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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

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.

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

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? 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.

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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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

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.

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.

UC Davis report proposes mileage fee for EVs, maintaining fuel tax for ICEs to support road repairs

Green Car Congress

A research report submitted to the California Legislature this week by the University of California, Davis’ Institute of Transportation Studies proposes switching EVs to a mileage-based road-funding fee (road user charge, RUC) while continuing to have gasoline-powered cars pay gasoline taxes.

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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.

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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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

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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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

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. tax credit PollThe same reduction is scheduled to hit GM's plug-in models, the Chevy Volt and Bolt EV on April 1. The reduction in the credits is likely to have an effect on sales, especially as GM has already.

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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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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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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.

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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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

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.

2017 66

Insult To Injury? GA Kills Electric-Car Incentive, Adds Last-Minute Luxury-Car Tax Break

Green Car Reports

As feared by advocates, last week Georgia passed a highway-funding bill that killed its $5,000 income-tax credit for purchase of a battery-electric vehicles. Green Georgia Manufacturing Politics incentives plug-in cars state laws tax credit It hasn''t been a particularly good year so far for electric-car purchase incentives. Illinois suspended its own rebates to close a gaping budgetary hole, and Texas may do the same. DON''T.

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