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
The United States tax code will never be accused of being simple or easy to comprehend. With a tangle of exceptions and loopholes, individuals and corporations can work their way around paying their full income tax rate with ease.
Nothing is ever as simple as it seems. One prime example is the government's newly minted "Cash for Clunkers" program, or CARS (Car Allowance Rebate System) that launched yesterday.