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.
Like the University of Georgia and its punchy Bulldog mascot, Georgia's electric-vehicle advocates are about to get a little more pugilistic, says the Atlanta Business Chronicle. That's because, for the second straight year, some state politicos may look to end Georgia's electric-vehicle subsidy. Count the EV Club of the South among those looking to take up the fight.
Now that the Nevada deal for the Tesla Motors Gigafactory has the governor's signature, we've got more details on the automaker's $1.2-billion benefits package. As originally reported, this is the broad breakdown:
When it comes to providing some island EV love, we can point to Hawaii, which has been pushing hard for greater electric-vehicle adoption through subsidies and a broader charging network. Now, South Korea has Jeju. We're not sure if the surf is as good.
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
Government incentives can be an important boost for new technologies moving from the testing ground to mainstream markets, but incentives are not guaranteed to achieve intended results – and there's no promise a government can maintain support. In an era of budgetary pressures (such as now), incentives can become easy targets.
Puerto Rico is incentivizing its citizens with its own version of rebates: reducing excise taxes on hybrids and all-electric vehicles. This is an island full of excise taxes on a lot of things, including cars, lottery winnings, cigarettes, liquor, hotel rooms and cement. The government in the U.S. territory wants to cut combustible fuel usage and is thus adding excise tax breaks for those purchasing a hybrid or EV. Previous excise tax refunds of up to $2,000 have been increased.
According to the 2012 U.S. Automotive Industry Survey and Confidence Index by Booz & Co., alternative vehicle powertrains may take up as much as 10 percent of the total market by 2020, but only if the federal government continues to support development.
U.S. Department of Transportation Secretary Ray LaHood said tax incentives for plug-in electric vehicles have been an effective way of boosting consumer interest in cars like the Chevrolet Volt extended-range plug-in and the Nissan Leaf battery-electric vehicle, even though the two models had weaker sales than expected, Reuters reported.
First Congressman Mike Kelly (R-PA) introduced legislation calling for an end to the tax credit given to purchasers of electric vehicles, now the Washington Post editorial board has joined in the call.