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A coalition of retailers, producers, equipment manufacturers, and others have formed the “Coalition for E85” to push for ongoing US Federal taxcredits for ethanol fuel. If the current taxcredit for ethanol fuel expires at year’s end, flex fuel vehicle drivers will pay as much as 38 cents more per gallon.
The US Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several taxcredit provisions in the Inflation Reduction Act (IRA). These include: Credits for Clean Hydrogen Production (45V) and Clean Fuel Production (45Z) ( Notice 2022-58 ).
US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise taxcredit, or VEETC, which is also known as the blenders’ credit.
As part of the recent fiscal cliff deal passed by Congress, many green energy programs saw renewed focus and deadline extensions, allowing people to benefit from them for a little longer. Included in these programs is the AlternativeFuel Vehicle Refueling Property credit.
US President Barack Obama announced a new $1-billion National Community Deployment Challenge to spur deployment of advanced alternativefuel vehicles in communities around the country. Taxcredits.
These projects put more than 9,000 alternativefuel and energy-efficient light-, medium- and heavy-duty vehicles on the road, and establish 542 refueling locations across the country. The project will deploy 502 alternativefuel and advanced technology vehicles through 119 public and private fleets throughout the state.
The Vehicle Cost Calculator, an easy-to-use tool that allows users to compare emissions and lifetime operating costs of specific vehicle models, including conventional cars and trucks, as well as vehicles running on alternativefuels such as electricity, ethanol, natural gas, or biodiesel.
The amended bill, now called the “American Taxpayer Relief Act of 2012” and next to be considered by the House, contains 12 extensions outlined in Title IV of the bill, ranging from extension of production credits for Indian coal facilities to benefits for alternativefuels (including algal biofuels) and plug-in vehicles.
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%).
The bill extends the Volumetric Ethanol Excise TaxCredit (VEETC) through 2011 at the current rate of $0.45/gallon gallon producer taxcredit for small ethanol producers producing no more 60 million gallon of ethanol a year. gallon credit for small agri-biodiesel producers through 2011.
The US House of Representatives has passed the “Tax Extenders” Bill (HR4213) by a vote of 241 - 181. Tax rules relating to sales required to implement federal and state restructuring policy for qualified electric utilities.
Through the Section 30C AlternativeFuel Vehicle Refueling Property Credit, owners of EV charging stations can take a 30% taxcredit of up to $30,000 per location for stations purchased and installed in 2012 or 2013. The offer is valid for stations sold and installed through ChargePoint’s Premier reseller partners.
According to the report, biodiesel is the first Environmental Protection Agency (EPA)-designated “advanced biofuel”—a category that lists alternativefuels possessing at least 50% fewer emissions than gasoline—to reach 1 billion gallons of annual production.
Its efforts to incorporate alternativefuel 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. Loveland is now aiming to convert all of its light-duty fleet vehicles that work within a close distance of the city to EVs.
The United States and the European Union have some of the world’s most aggressive policies for alternativefuel promotion, including volumetric mandates, lifecycle fuel-carbon-intensity requirements, and fuel-taxation schemes. Harmonizing definitions of eligible pathways between this taxcredit and the RFS2.
Consumption of alternativefuels by vehicle type, 2011. Replacement fuels—i.e., In alternative-fueled vehicles, consumption of ethanol (E85) increased 52% from the prior year’s consumption, an increase from 90,323 thousand gasoline-equivalent gallons in 2010 to 137,165 thousand gasoline-equivalent gallons in 2011.
Natural gas-powered Mack TerraPro certified for Federal taxcredit. A growing number of municipalities mandate alternativefuel vehicles as a condition of contracts with refuse haulers. The natural gas TerraPro Cabover also qualifies for taxcredits. Click to enlarge.
An additional $40,000 in federal taxcredits is expected from the Inflation Reduction Act. AJR Trucking and Nikola will explore the opportunities to deploy Nikola’s 10,000 psi (700 bar) mobile fueling solution at AJR Trucking properties in Compton, Calif. to provide convenient and seamless fueling for the FCEVs.
After federal tax savings, the base price will be $29,750, and will qualify for additional state taxcredits, including a maximum of $2,500 in California and up to $7,500 in 12 other states.
The Polk County, Oregon, Sheriff’s Office is running 10 patrol cars converted to propane autogas, including seven Ford Crown Vics, two Chevy Tahoes and one Ford F-350 pickup truck; the office expects to save more than $20,000 every year by using the alternativefuel.
Vehicle taxcredits or rebates. These large investments presuppose that a dense, elaborate network of charging stations is required to meet the needs of mainstream PEV driver—and may be based on experience with other alternativefuel vehicles. —Green et al. —Green et al.
As outlined in its prospectus for the IPO, the company intends to focus product development efforts on expanding its CNG storage and fuel systems product offering and advancing its CNG storage and fuel system solutions technologies to further improve performance, weight, and cost.
Extend and expand the “AlternativeFuel Refueling Property,”or EV charging infrastructure, also known as Section 30C, taxcredit to cover V2G capabilities. The report highlights key federal, regional, and state policy recommendations for deploying V2G technology at scale: Federal.
The announcement complements the Governor’s Charge NY program, which looks to stimulate demand for EVs and investments in infrastructure, and includes funding from NYSERDA, the New York Power Authority and taxcredits.
The fueling station is located at the town’s Department of Conservation and Waterways in Point Lookout. It is the first hydrogen fueling station on Long Island, and the fifth station in the New York metropolitan area. Construction of the fueling station cost approximately $2.2
EV world HATCH HOPING TO DRIVE PLUG-IN HYBRID TECHNOLOGY Speech with National Press Club explores alternative-fuel cars Washington — Sen. Although plug-in cars are not currently on the market, the Plug-In Partners support development of more advanced alternative-fuel automobiles.
EIA projects that production of renewable diesel supply will grow because of its compatibility with existing distribution infrastructure and engines, higher state and federal targets for renewable fuel production, incentives from taxcredits, and the conversion of existing petroleum refineries into renewable diesel refineries.
Most alternative-fuel vehicles have a retained value four to five percent better than traditional vehicles, though some hybrids and clean diesels, such at the Prius and Jetta TDI, are dramatically higher. Taxcredits matter. Alternative-fuel vehicles provide a strong hedge against a jump in fuel prices.
Green cars” can be defined as vehicles that use alternativefuels (other than petrol or diesel) and/or alternative types of propulsion (other than the conventional ICE). Alternativefuels include biofuels, natural gas, hydrogen and electricity from the grid. Timing and sequencing of energy technology policy.
The bill increases incentives for clean technology manufacturing, by expanding the clean energy manufacturing taxcredit by $5 billion, providing incentives for the production of advanced vehicles and component parts and funding investments in energy efficiency innovation. Natural Gas. The American Power Act.
The Council’s recommendations for energy policy, which reflect current policy discussions in Congress and within the administration, are aimed to achieve energy resilience and diversity. will also require cooperation among industry participants, regulators and environmental advocates. —“Road Map to Renewal”.
Although consumer taxcredits for PHEVs enjoyed bipartisan support in both houses of Congress, concerns over other tax portions of the energy bill resulted in the entire tax package being removed from the original bill. The bill, HR 5351 includes a credit for plug-in hybrid electric vehicles. The bill (H.R.
At the same time, Sommer said in his presentation at the 2015 Electric Drive Congress in Washington DC, continued legislative support is needed to reach the next level of electric vehicle adoption. Examples in this category include protecting and expanding existing taxcredits in the Energy Independence and Security Act.
It is the only natural gas powered passenger car available for sale in all 50 states, and is eligible for a $4,000 federal taxcredit as a qualified alternativefuel vehicle. 1—to maximize performance from natural gas fuel. As a result, the GX is certified by the EPA as an Inherently Low Emissions Vehicle (ILEV).
Bruno today announced a new $10 million State program to convert vehicles in the State fleet to plug-in hybrids (PHEVs) and plans for the construction of a state-of-the-art alternativefuel research laboratory at the Saratoga Technology + Energy Park (STEP). Thanks to Green Car Congress for the tip.
Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Section 1603 Grant in Lieu of Investment TaxCredit (ITC) or Production TaxCredit (PTC). by Bill Cooke.
It will also list current taxcredits and incentives applicable to EV charging. The DOE’s AlternativeFuels Data Center provides a comprehensive database of federal and state programs that support EVs and infrastructure. Among the actions announced are: Unlocking up to $4.5
In the AEO2015 Reference case, gasoline-only vehicles, excluding hybridization or flex-fuel capabilities, represent the largest share of new sales in 2040, at 46% of the total (down from 83% in 2013). The AEO2015 cases generally reflect current policies, including final regulations and the sunset of taxcredits under current law.
US Senator Robert Menendez (D-NJ) last week introduced new legislation, co-sponsored by Senate Majority Leader Harry Reid (D-NV) and Senator Orrin Hatch (R-UT) that extends and increases taxcredits for natural gas vehicle purchasing, refueling and manufacturing. Includes conversions and repowers.
The President is proposing to transform the existing $7,500 taxcredit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. The Recovery Act is also supporting the deployment of infrastructure for advanced technology vehicles.
Provisions of the New Alternative Transportation to Give Americans Solutions Act, or NAT GAS Act (H.R. Currently, the alternativefuelcredit expires at the end of 2009, and the vehicle and refueling pump credits expire at the end of 2010.
The provision that’s gotten the most press is a redesign of the federal EV taxcredit—that’s only natural, because it’s the policy that’s most likely to directly affect the average consumer, and because politicians love to talk about tax breaks. Credit where credit is due.
billion Charging and Fueling Infrastructure Discretionary Grant Program. The White House has said the program will fund nearly 50 EV charging and alternative-fueling infrastructure projects in 22 individual states and Puerto Rico. According to the Department of Energy, the money comes via the $2.5
It also made significant changes in the current plug-in vehicle taxcredit program, including increasing the limit from a program total of 250,000 vehicles to a maximum of 200,000 plug-ins per manufacturer. TaxCredits for Plug-ins. No Republicans voted for the measure, and seven Democrats voted against it.
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