Massive Tax Breaks Could Be Used For Something Other Than Corporate Benefits
How desperate are the states in the US Southwest for a Tesla Gigafactory? Maybe a little too desperate, according to the California Budget Project. CBP says that the five states that are vying for the new big battery plant from Tesla and Panasonic are really in a "a race to the bottom from which no real winner may emerge." The CBP issued an open letter to leaders in those states that called for "greater openness in the process, strong accountability measures, and cooperation – not competit
Zap is poising itself to take advantage of China's extension of its electric vehicle incentive program. The government will be offering rebates on EVs, forgiving sales taxes and licensing fees, installing EV charging infrastructure and other measures to encourage adoption of zero-emission vehicles beyond 2015, through the year 2020. In response, electric vehicle company Zap and its partner Jonway Autos are decreasing production of gasoline-powered vehicles to make more EVs. It plans to increase
This bit of news about the tax breaks Tesla Model S buyers in Norway are getting from the Norwegian government gets to us by way of the International Business Times via the Norwegian website Budstikka, but even so, there's nothing lost in translation. The reports that Model S buyers there are getting tax breaks worth about US$134,000 for the all-electric luxury sedans are accurate.
An Indiana University study that surveyed some 2,000 drivers in 21 of America's largest cities finds that the general public is quite uninformed when it comes to incentives available when buying electric vehicles.
With the so-called fiscal cliff looming like a New Year's Day hangover, US lawmakers were able to strike an eleventh-hour deal that should prove beneficial to couples making less than $450,000 a year. Like any piece of US legislation, though, there was enough pork stuffed inside to ensure lobbyists and well-connected constituents remain happy. As a part of the deal, a few tax credits were extended that pertain to the automotive world.
The Michigan Economic Growth Authority has approved a series of tax incentives for Ford and Chrysler and expanded previously approved incentives for General Motors. Between a tax break engineered to help GM build a 900-job electric-vehicle battery facility in Warren and another to keep 4,000 people at work in the company's Renaissance Center headquarters, The General is looking at a considerable stack of incentives. According to The Detroit Free Press, the company has been granted a total of $75
It's no secret that when it comes to promoting more efficient transportation, the current administration in Washington is all about batteries and plugs – pretty much to the exclusion of all else. In his latest column at trade publication Ward's Auto World, Drew Winter tries to make the case for the government taking agnostic approach to technology and simply promoting anything that would make a measurable reduction in greenhouse gas emissions and fuel consumption. Just given the relative l
According to The Detroit News, General Motors has gone on record as suggesting that without state tax credits designed to keep 2,500 employees ensconced at its Detroit Renaissance Center headquarters, the automaker could pull out of Motown's skyline and into the suburbs and surrounding areas.
The UK government has announced a £250 million incentive program designed to get more plug-in and electric vehicles on British roads. The heart of the program is rebates of up to £5,000 for purchases of full electric or plug-in hybrid vehicles. This could be good news for companies like Mitsubishi, Nissan and General Motors. The Japanese automakers are planning to introduce battery electric cars over the next two years and General Motors plans to launch the Vauxhall Ampera (a rebadge
The UK government has announced a £250 million ($372M USD) incentive program designed to get more plug-in and electric vehicles on British roads. The heart of the program is rebates of up to £5,000 (nearly $7,500) for purchases of full electric or plug-in hybrid vehicles. This could be good news for companies like Mitsubishi, Nissan and General Motors. The Japanese automakers are planning to introduce battery electric cars over the next two years and General Motors plans to launch th
Buyers of hybrid and electric vehicles in Japan could soon get a new break on the taxes they have to pay when buying a new car. Normally, buyers have to pay acquisition taxes that are a percentage of the purchase price and the weight of the car. A bill currently under consideration would completely waive those fees for hybrid/EV buyers and partially eliminate them for buyers of other fuel efficient vehicles. Sales of all cars have been lagging recently in Japan, just as they have in most other r
When automakers are throwing thousands of dollars of incentives on the hoods of their wares in an effort to stimulate sales, what good would another $1,500 on a $25,000 car do? As the recent sales numbers show, buyers aren't being taken in by the constant sounding of the "SELL SELL SELL!" klaxon. Great deals on new cars are out there to be had, if only anyone had some money.
One of the key elements to the success of ethanol as a fuel in Brazil has been the requirement for all filling stations to have at least one ethanol pump and it looks like the U.S. Congress may finally be pushing for this as well. Currently, only about 1,700 of the nation's 170,000 gas stations have an ethanol pump and so many of the millions of flex-fuel vehicle drivers out there couldn't use E85 even if they wanted to. However, while mandating more ethanol availability is a good idea in princi
Giveth, and taketh away, isn't that always the story? On the taketh away side, GM has recently lost a serious chunk of change. On the giveth side, The General received a $56 milion package of tax credits and grants to keep an SUV factory open in Ohio. It has also just received another package of tax credits from the city of Flint, Michigan to aid its investment in a factory that will build engines for the new Volt and Chevy Cruze. Approved over some constituent disapproval by the Flint City Coun
HMRC (the UK Customs office) has announced that users of less than 2,500 litres (around 660 galons) of Pure Plant Oil (PPO or SVO in America) will no longer have to pay road fuel duty. This saves a lot of the price of fuel in the UK and makes PPO available at 52p/liter (with the other taxes included). Quite a difference, since prices for diesel are slightly above 1 pound/liter. Previously, SVO users had to declare their use and pay for the tax accordingly.