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Buyers of a new 2010 Fusion Hybrid or Mercury Milan Hybrid this year will qualify for a $3,400 taxcredit. The credit amount is based on a vehicle’s potential fuel efficiency. The 2009 Escape and Mariner Hybrid FWD models qualify for a $3,000 taxcredit; 4WD models $1,950. Ford Hybrid TaxCredit Amounts.
Its eligibility for a $3,750 federal taxcredit drops that to $29,995. Both Prius Plug-in models qualify for a federal taxcredit of $2,500. C-MAX Energi also is expected to qualify for additional taxcredits up to $1,500 in California. The base MSRP for the Prius Plug-in Hybrid is $32,000.
A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend taxcredits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those taxcredits, and to create an option for monetizing the taxcredits as tax refunds.
Strong income taxcredits for the purchase of new diesel, hybrid, and plug-in hybrid vehicles are very expensive and essentially ineffective at reducing GHG emissions from transportation. Purchase taxcredits are an expensive way to reduce oil consumption and GHG emissions from transportation. —Morrow et al.
Altech-Eco Corporation has obtained Certificates of Conformity (COC) from the EPA for its new dedicated and bi-fuel 2010 Ford Focus compressed natural gas (CNG) conversion systems. Households or companies can receive a $4,000 Federal Income TaxCredit by purchasing and converting a vehicle with Altech-Eco’s conversion system.
ReVolt Technology, LLC, a company that is developing rechargeable zinc-air batteries ( earlier post ), has been approved to receive a package of loans and taxcredits from Oregon and Portland authorities totaling approximately $6.8 ReVolt says that the $6.8
World ethanol and biodiesel production, 1975-2010. Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. Source: Worldwatch Institute. Click to enlarge. —Sam Shrank. Sugarcane ethanol supplies 41.5%
A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy taxcredits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. billion (19.3%).
4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill extends the Volumetric Ethanol Excise TaxCredit (VEETC) through 2011 at the current rate of $0.45/gallon US President Barack Obama on Friday signed H.R.
As of 31 December 2010 and 2011, the Company recorded $2.1 million of this grant in July 2010, with additional payments to be made based on the achievement of certain milestones in the facility development. For the years ended December 31, 2009, 2010 and 2011, $0.1 As of December 31, 2010 and 2011, $0.8 million and $0.8
From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure taxcredit into the stimulus bill. And then you helped us get it passed!
According to the report, the decline in PV installed costs seen by customer-owners of such systems in 2010 follows a significant drop in the wholesale cost for PV modules in 2009. However, that drop in module prices appears to have made its way to customers in 2010. W between 2009 and the first six months of 2010. Darghouth, R.
Regardless, once the $7,500 taxcredit is accounted for, and the much lower maintenance costs, these should be about the same as buying a gas car, only the fuel will be less than a dollar a gallon equivalent. He said Toyota’s 2010 Prius hybrid electric gets about 10 miles range on pure battery, while the planned Chevy Volt will get 40.
Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the taxcredit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.
Taxcredits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum taxcredit of $7,500. Source: CBO. Click to enlarge.
AMP), a company engaged in the conversion of new vehicles to all-electric powertrains, will debut the upfitted battery electric AMP 2010 GM Chevrolet Equinox at the New York Auto Show, which begins on 2 April. The 5-seater electric Equinox is priced below $50,000 (after government taxcredits). Advanced Mechanical Products, Inc.
The US House of Representatives has passed the “Tax Extenders” Bill (HR4213) by a vote of 241 - 181. the bill amends the Internal Revenue Code to extend through 2010 certain expiring provisions for individual and business taxpayers.
For electric vehicle observers, the legislation contains two key provisions: The first would extend the taxcredit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.
Using the capital assets pricing model (CAPM), we calculate beta coefficients, a metric of nondiversifiable market risk, from 2010 (post-financial crisis) to the present for nine companies that are producing or have a significant stake in cellulosic or algal biofuels. Seven of the nine companies have beta values greater than 1.0,
billion, a 12% increase over the 2010 enacted level. In support of President Obama’s goal of having 1 million advanced technology vehicles on US roads by 2015, the President’s Budget submitted today proposes a new effort to support electric vehicle manufacturing and adoption in the United States through new consumer.
” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. Slower than expected sales of hybrids everywhere in the world but Japan in 2010.
Natural gas-powered Mack TerraPro certified for Federal taxcredit. The 9-liter Cummins Westport ISL G is rated at 320 hp (239 kW), can use compressed (CNG) or liquefied natural gas (LNG), and has a three-way catalyst to meet EPA 2010 emissions standards. The natural gas TerraPro Cabover also qualifies for taxcredits.
Purchase incentives currently pending under legislation HR 1380, the NAT GAS Act, would create an even more favorable scenario for the purchase of NGVs with taxcredits for vehicle and fuel purchases as well as fleet or home refueling stations.
ARB has issued about $100 million for more than 50,000 rebates since the program began in March 2010, and ARB plans to continue investing in the project. That can be combined with an up to $7,500 federal taxcredit and other regional incentives.
Overall consumption of alternative transportation fuels in the US increased almost 13% in 2011 to a total of 515,920 thousand gasoline-equivalent gallons, compared to 457,755 thousand gasoline-equivalent gallons in 2010, according to the latest Alternative Fuel Vehicle Data from the US Energy Information Administration (EIA).
Since 2010, more than 81,000 electric vehicles have been sold in New York State. The Charge Ready NY program provides $4,000 per charging port with an additional $500 per port for stations installed in disadvantaged communities and can be combined with New York State’s 50% taxcredit for charging station installation to boost savings.
Currently, the alternative fuel credit expires at the end of 2009, and the vehicle and refueling pump credits expire at the end of 2010. The legislation would also modify the current taxcredits to provide even greater incentive for state and municipal fleet managers to buy natural gas vehicles and engines.
That can be combined with an up to $7,500 federal taxcredit and other regional incentives. ARB has issued about $100 million for about 50,000 rebates since the program began in March 2010, and plans to continue supporting the project in the coming years. The Clean Vehicle Rebate Project has exceeded expectations.
This can be combined with an up to $7,500 clean vehicle federal taxcredit and various other regional incentives. More than 33,000 rebates have been issued since the program launched in 2010, and consumer demand has surged to about 2,500 rebates per month.
In addition to informing crosscutting DOE priorities including the Critical Materials Research, Development, Demonstration, and Commercialization Application Program (RDD&CA), the DOE Critical Materials List will inform eligibility for taxcredits under the Inflation Reduction Act 48C.
In 2010, the city converted 15 Toyota Prius hybrids to plug-in hybrid electric vehicles (PHEVs). Its efforts to incorporate alternative fuel vehicles (AFVs) into its fleet began in 2002 with an initial purchase of hybrid electric vehicles (HEVs), mainly the Toyota Prius and Ford Escape hybrid.
The Internal Revenue Service (IRS) has designated the new Mercedes-Benz 2010 S400 Hybrid ( earlier post ) as eligible for the Alternative Motor Vehicle Credit as a Qualified Hybrid Motor Vehicle. Mercedes-Benz S400 Hybrid customers are eligible for a one-time taxcredit of up to $1,150.
A dollar-per-gallon taxcredit was available only to the first person to blend the pure biodiesel (known as B100) with petroleum diesel. For these reasons, a gallon of B100 with RINs and an available taxcredit was worth much more than a gallon of RIN-stripped B99. The alleged securities fraud.
GEM is a recognized leader within the low-speed vehicle market, with approximately $30 million in sales during the 2010 calendar year. GEM cars are eligible for incentives and taxcredits from clean-air districts and other governmental agencies. Polaris Industries Inc. based subsidiary of Chrysler Group LLC.
in his talk at the opening plenary of Plug-in 2010 in San Jose, California. The MSRP for the LEAF starts at $32,780; the full Federal taxcredit of $7,500 brings that down to $25,280. The warranty matches the term of the 8-year, 100,000 battery pack warranty announced by GM for its Volt EREV. Earlier post.).
billion for the installation of 3 million charging stations by 2015, up from just over 20,000 stations installed in 2010. A new market study from ABI Research, “ Plug-in Vehicle Infrastructures ” projects a fast-growing market for charging station infrastructure, with worldwide revenues reaching $11.75 Research director Larry Fisher.
During the first half of 2010, nearly 13,000 U.S. taxpayers wrongly claimed a staggering $33 million under the electric taxcredit incentive scheme, a Treasury Department inspector general report has revealed.
Vouchers for the category will reach up to $15,000 for a fleet’s first voucher, with $12,000 thereafter for the remainder of FY 2010-11. These incentives, along with the $7,500 Federal EV TaxCredit, will bring the ROI down to 2.5 8,000 per voucher for 31-65 vouchers. 6,000 per voucher for 66 to 100 vouchers.
Today on Green Car Reports: Georgia may kill its $5,000 electric-car taxcredit, Ohio car dealers renew their legislative fight against Tesla Motors, and 2010 through 2014 Toyota Prius hybrids are being recalled. All this and more on Green Car Reports.
from a large SUV factory to build the all-new Focus starting in 2010 and Focus Electric pure battery electric vehicle in 2011. The Michigan Economic Growth Authority board approved a package of incentives and taxcredits totaling $188 million.
The measures for increasing production capacity at the 28-hectare Redford production plant are scheduled to commence in July 2010 and continue until September 2011. DTNA is the leading supplier of EPA 2010-compliant Class 8 heavy-duty trucks. The investment will be supported by a variety of state and local incentives.
Further MEDC High Technology Mega Taxcredits may be available based on specific job creation criteria. The current production plan includes an initial quantity of vehicles to be built in late 2010 with full production scheduled to begin in April 2011.
The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) taxcredit – commonly referred to as the “Federal EV taxcredit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the taxcredit available for each BEV and PHEV sold in the US.
5442 , the “Electric Vehicle Deployment Act of 2010,” which has been referred to the Committee on Energy and Commerce, and in addition to the Committees on Oversight and Government Reform; Science and Technology; Ways and Means; and Transportation and Infrastructure. 3442 , which has been referred to the Committee on Finance.
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