Colorado has enacted the most lucrative state EV tax credits in the country, offering an assignable $5,000 credit that can be applied at vehicle purchase.
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.
Loads of lawyers at a firm in Georgia are taking advantage of the state's EV tax credit. Georgia offers a tax credit on leases and purchases of electric vehicles for 20 percent of the car's value, up to $5,000. This has created a trend among lawyers at Arnall Golden Gregory, who one after another have been switching from gas-powered cars to the all-electric Nissan Leaf. They appreciate the environmental benefits, as well as toll exemption and access to HOV lanes, but the tax credit seems to be t
Now that the deuces are wild for Massachusetts, its governor is placing a bigger bet on electric-vehicle adoption in the Bay State. With exactly 222 publicly accessible electric-vehicle charging stations currently available, the famously liberal Massachusetts is finally joining the ranks of those states that are piling rebates on top of the incentives the federal government provides for those who buy electric vehicles or plug-in hybrids. With that gesture, Gov. Deval Patrick is putting a charge
Even though plug-in electric vehicle (EV) sales were much higher in 2013 than the previous year, arguments are being made that government policies are failing. An opinion piece in Energy Policy, for example, opposes federal policies incentivizing EVs and calls them inefficient and ineffective. The main thrust of the argument is that the incentives are too focused on the mainstream and could be better targeted at niche markets and early adopters. In other words, the $7,500 federal tax credit is t
The number 13 may be considered bad fortune for the superstitious, but it's the year '14 when plug-in vehicle drivers who had been looking to get a little extra tax love from the federal government will really feel out of luck. The clock is ticking through the end of the month (and the year) on two policies aimed to spur electric-vehicle adoption. Both received one-year renewals last January as part of a budget compromise but are unlikely to get another reprieve because of ongoing contentiousnes
Something interesting happened on the way to make the 2014 Fiat 500e a real car. As the idea for the car was bandied about in public for many years, Fiat-Chrysler CEO Sergio Marchionne complained bitterly, saying the only reason the car was coming to market was because mean ol' California was forcing Fiat to do so. This was after he said that Fiat would lose $10,000 on each one they sell. That's all pretty boilerplate stuff. What's interesting is that Fiat has gone ahead and priced the Fiat 500e
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.
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