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More details at: Group Seeks US Tax Credits To Spur Electric Car Use. “A coalition of auto makers, battery manufacturers, utility operators and shipping companies wants the U.S. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018.
Well, America’s auto industry delivered over 100,000. It helps that the auto industry will be building more efficient new vehicles. We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program. Right now, buyers of new plug-in cars get up to $7,500 in tax credits.
An article in the New York Times criticised the so-called “cash for clunkers&# legislation that would give people vouchers worth as much as $4,500 to replace old cars with new ones. Tags: Green cars Latest news cash for clunkers scrappage scheme. Leave a comment with your thoughts.
Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. Car dealers are asset rich and cash poor. Cash flow is something we look at every single day in a car dealership," she continued.
Moreover, EVs are not only proving to be more robust amidst an auto industry in decline, but they are also already displaying some signs of recovery. auto market, are currently suing the federal government to be able to set their own emission standards. According to CleanTechnica , China will spend up to $1.5 of the U.S.
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