Electric Car Tax Credits
Dramatic Decline in New EV Models to Qualify for Federal Tax Credit
The Treasury Department released long-awaited rules required by the historic Inflation Reduction Action on March 31 that will determine which electric vehicle models purchased after April 17 will qualify for a federal credit up to $7,500.
EV Incentives Can Cause Higher Emissions, Study Finds
Without incentivizing the actual use—rather than just the purchase—of electric vehicles, current EV tax credits could actually drive higher carbon emissions.
California Lawmaker Wants to Triple Electric Vehicle Rebates
Assemblyman Phil Ting seeks to dramatically increase the state electric vehicle sales rebate of $2,500, motivated in part by the phasing-out of the federal EV tax credit of $7,500. The bill rules out significant revenue sources.
If Road Pricing Is Inherently Unfair and Regressive...
Road pricing has its faults as a revenue measure, but it needs to be compared to ten elements of the current system of paying for transportation, including hidden subsidies, says Joe Cortright, an urban economist with Portland-based City Observatory.
Banner Year for Electric Vehicle Sales
U.S. sales of plug-in electric vehicles, including those with internal combustion engines, increased by 81 percent in 2018 over 2017. But if you remove the best-selling Tesla Model 3 from the mix, the increase drops to 11 percent.
Electric Vehicle Incentives: A Tale of Two Countries
While Trump wants to end the EV credit program, in part to punish GM for closing unprofitable car manufacturing plants, Norway is scaling back the generous perks that have enabled EV sales to comprise almost half on new auto sales.
Electric Vehicles See Progress at Local Level but Setbacks in Washington
The new IPCC report calls for decarbonization of transportation. While many cities are attempting to do their part, two recent federal developments in trade policy and tax legislation threaten to will make progress more difficult.
More Bad News for Tesla—This Time From the EPA
A rollback of fuel economy standards carries huge financial consequences for the all-electric vehicle manufacturer that makes over $300 million annually by selling credits to auto manufacturers unable to achieve current fuel economy standards.
Electric Vehicle Sales Would Take a Hit With GOP's Tax Cut
The House GOP tax plan, which Trump wanted to name the "Cut, Cut, Cut" bill, was intended to cut taxes, but it's also cutting credits, like the federal $7,500 electric vehicle tax credit. How much would its elimination affect EV sales?
How Much Is Too Much for a State Electric Vehicle Rebate?
Battery electric vehicles (without gas tanks) are eligible for a $2,500 California rebate, on top of the federal $7,500 tax credit. A bill before the state Senate would quadruple it.
Are Reports Predicting a Future of Electric Vehicles Exaggerated?
David Yager, an oil industry consultant, writes that recent reports predicting electric vehicles will eventually outsell those with internal combustion engines are vastly exaggerated, notwithstanding national bans on future sales of such cars.
Are State Rebates Necessary for Electric Vehicle Sales?
Campaigners for the Sierra Club's electric vehicle initiative make the case that New York State Gov. Andrew Cuomo needs to offer a state rebate of $2,000 to $4,000 to make EVs more attractive to car buyers now that he's phasing out coal power.
Who Killed the Electric Car (in Georgia)?
Until this past summer, the Atlanta metro region was ranked second in electric car use in the United States. The generous state tax credit of $5,000 made electric vehicles (EVs) particularly attractive. But what happens when the credit is withdrawn?
Scrutiny of Electric Vehicles Follows Bankruptcy of Subsidized Battery Manufacturer
Electric-car-battery manufacturer A123 Systems received $249 million in federal grants. It filed for bankruptcy on Oct. 16, prompting Bloomberg reporter Angela Greiling Keane to look at the progress of President Obama's goal of 1 million EVs by 2015
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