11 Articles
1 / 1
68

Natural Gas Vehicles Would Also Get More Benefits

President Obama's budget proposal includes a plan to increase the federal tax incentive on EVs and plug-in hybrids to $10,000 and immediately slash the money off the price of green vehicles at purchase. It would also broaden the credit to be applicable to compressed-natural-gas-fueled models.

63

Advanced-powertrain vehicle advocates in California and Maryland can rejoice over a chilled glass of Napa Valley's finest white wine and a heaping plate of Baltimore's best crab cakes. That's because both states will continue to make life a little financially sweeter for plug-in vehicle drivers. It's a short-term fix for California but potentially longer-term for Maryland.

33

2011 may have been the first full year that multiple mainstream plug-in vehicles were available in the U.S., but it will also be remembered – most likely – as the year when the U.S. federal government was offering the most money to plug-in vehicle buyers (based on the number and types of incentives offered, not in total funds spent). As of the end of 2011 – i.e., three short days from now – three incentives will go the way of an ethanol subsidy. A fourth – arguably

19

Back in February, President Obama proposed changing the credit for plug-in vehicles over to a point-of-purchase rebate, a move that would likely speed up the $7,500 payment. Under the proposal, dealers would reduce the sticker price of eligible plug-in vehicles and apply for reimbursement from the government.

Add

Senate Democrat Max Baucus, the chairman of the finance committee, has scrutinized President Obama's proposal to convert the $7,500 tax credit for plug-in vehicles to a point-of-purchase rebate, according to Automotive News (sub. req.) and thinks there's a potential problem.

35

Is a bicycle an electric vehicle? How about a Hummer H3? These are some of the things that Americans claimed were hybrids, alternative-powered or plug-in electric vehicles on their tax forms, reports USA Today. What's more, the false claimants managed to get $33 million back from the federal government. According to the daily, $33 million is about 20 percent of the $163.9 million total that has been claimed under the tax credit programs so far.

32

Is a bicycle an electric vehicle? How about a Hummer H3? These are some of the things that Americans claimed were hybrids, alternative-powered or plug-in electric vehicles on their tax forms, reports USA Today. What's more, the false claimants managed to get $33 million back from the federal government. According to the daily, $33 million is about 20 percent of the $163.9 million total that has been claimed under the tax credit programs so far.

10

Drivers in Maryland now have two new reasons to opt for a plug-in electric vehicle the next time go new car shopping. Governor Martin O'Malley (above) has reportedly signed bills this week that provide for car pool lane access for plug-in vehicles and a new $2,000 tax break. The High Occupancy Vehicle lane access is valid for three years starting this October for "qualified" vehicles equipped with a special permit. Buyers will also receive an instant $2,000 break on excise taxes at the time of

45

2011 Chevrolet Volt – Click above for high-res image gallery

1 / 1