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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. In the US, the Fisker Ocean starts at $37,499 in the base Sport.

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Dutch Cabinet Approves Mileage Tax; In Effect in 2012 if Approved by Parliament

Green Car Congress

The Dutch Cabinet on Friday approved a new road tax bill that would eliminate the current motor vehicle tax and purchase tax and replace them with a charge per kilometer driven, starting in 2012 and increasing through 2018. The average rate for a car is expected to be: Dutch Mileage Tax.

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China to extend NEV purchase tax exemption to end of 2023

CN EV Post

China will establish a coordination mechanism for the development of the NEV industry and will vigorously build charging piles. The post China to extend NEV purchase tax exemption to end of 2023 appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Tesla and Toyota Intend to Work Jointly on EV Development, TMC to Take Equity Stake in Tesla; Tesla Purchases NUMMI Factory

Green Car Congress

TMC has agreed to purchase $50 million of Tesla’s common stock issued in a private placement to close immediately subsequent to the closing of Tesla’s currently planned initial public offering. The sedan, which Tesla unveiled in March 2009, has an anticipated base price of $49,900, including a federal tax credit.

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NY state launces series of initiatives to encourage adoption of EVs

Green Car Congress

New York State announced a series of broad-scale initiatives to encourage the purchase and to increase the convenience and accessibility of electric vehicles (EV). Drive Clean Rebate Initiative Supporting the Direct Purchase of 11,000 EVs. To date, more than 11,000 rebates have been approved for New Yorkers to purchase electric cars.

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Canada’s Budget 2022 calls for C$3.8B to launch Critical Minerals Strategy

Green Car Congress

billion) in funding to make zero-emission vehicles more affordable and to build a national network of charging stations. million over four years to launch a new purchase incentive program for medium- and heavy-duty ZEVs to help businesses upgrade their fleets. The Budget also allocates more than $3 billion (US$2.4 This includes $1.7

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

To deal with increasingly serious traffic congestion, Beijing will take steps such as raising parking fees in urban districts and striving to build more rail transit lines to address the issue, so ordinary residents may rationally select the travel option they prefer. Around 41% of the vehicles were cars and 51% were motorcycles.

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