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IRS seeks feedback on clean hydrogen production tax credit

Green Car Congress

The US Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several tax credit provisions in the Inflation Reduction Act (IRA). These include: Credits for Clean Hydrogen Production (45V) and Clean Fuel Production (45Z) ( Notice 2022-58 ).

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Reminder: Tax Credit For Electric-Car Charging Station Is Back

Green Car Reports

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 Alternative Fuel Vehicle Refueling Property credit.

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Coalition for E85 forms to push for inclusion in Alternative Fuel Credit

Green Car Congress

A coalition of retailers, producers, equipment manufacturers, and others have formed the “Coalition for E85” to push for ongoing US Federal tax credits for ethanol fuel. If the current tax credit for ethanol fuel expires at year’s end, flex fuel vehicle drivers will pay as much as 38 cents more per gallon.

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Grassley-Conrad bill would extend ethanol tax credits through 2016

Green Car Congress

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 tax credit, or VEETC, which is also known as the blenders’ credit.

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60% of $18B in US clean energy tax credits 2006-2012 went to top 20% by income; 90% in the plug-in program

Green Car Congress

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 tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. billion (19.3%).

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US DOE launches cost calculator to compare emissions and operating costs for alternative fuel and conventional vehicles

Green Car Congress

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 alternative fuels such as electricity, ethanol, natural gas, or biodiesel.

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President Obama announces $1B National Community Deployment Challenge to spur deployment of alternative-fuel vehicles; new purchasing incentives; new EV Everywhere research grand challenge

Green Car Congress

US President Barack Obama announced a new $1-billion National Community Deployment Challenge to spur deployment of advanced alternative fuel vehicles in communities around the country. Tax credits.