California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit. Newsomsaid in a press statementhe is proposing a new version of the state'sClean Vehicle Reba...
Since 2010, the federal government has incentivized the purchase of new electric vehicles with tax credits. To date, many EV and plug-in hybrid (PHEV) buyers have benefited from this program. But how exactly does the tax credit work, and which cars are e
In another move designed to create high-tech jobs and ncurb US reliance on oil, the Obama administration said last nweek that it will ask Congress to modify the tax code so npeople can receive $7,500 cash rebates from the federal gov-nernment when purchasing new electric-powered vehicles....
WASHINGTON - The list of electric vehicles eligible for a $7,500 tax credit has gotten shorter, with U.S. automakers such as General Motors, Ford and Tesla better positioned to qualify than foreign competitors with supply chains overseas. Still, as of Wednesday, April 19, only 11 EV ...
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Beyond the carbon tax hike, the government is promising $15 billion in new spending on climate initiatives over the next 10 years — money earmarked for improvements to the country's electric vehicle charging infrastructure, rebates and tax write-offs for zero-e...
high-polluting car and replace it with a zero- or near-zero emission replacement,” as the state of California puts it on itswebsite. Also, note that number two relates to the $45,000 maximum MSRP for vehicles to be eligible for the Clean ...
the next government is likely to form a carbon customs union with the U.S., harmonizing fuel economy standards, co-operating on clean electricity and new technologies like hydrogen and electric vehicles. Biden has talked about a border adjustment tax, which would penalize countries that do not ...
Plug-in electric vehicles also qualify for a tax credit starting January 1, 2010. The credit for passenger vehicles and light trucks ranges from $2,500 to $7,500, depending on batter capacity. The first 200,000 vehicles sold by each manufacturer are eligible for the full tax credit; the ...