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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. The credit will be available at the point of sale.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

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Growing Number of EU Countries Levying CO2 Taxes on Cars and Incentivizing Plug-ins

Green Car Congress

At present, 17 of the 27 EU Member States levy CO 2 -related taxes on passenger cars, and 15 governments provide tax incentives for electrically chargeable vehicles, according to the newly published European Automobile Manufacturers’ Association (ACEA) Tax Guide 2010. Generally, registration taxes threaten fleet renewal.

Tax 268
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ICCT study finds state EV incentives playing a significant role in driving sales

Green Car Congress

A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al. Earlier post.).

Sale 374
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T&E: Rising use of private jets sends CO2 emissions soaring

Green Car Congress

increase in private flight sales in July 2020 alone. And yet, super-rich super polluters are flying around like there’s no climate crisis. Despite the disproportionate climate impact, private jets are untaxed in most European nations because of exemptions from the EU’s carbon pricing scheme (EU ETS) and untaxed kerosene.

Emissions 418
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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

Congress 259
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Nissan e-NV200 battery-electric commercial vehicle goes on sale in Japan in October

Green Car Congress

s first battery-electric commercial vehicle, the e-NV200, will go on sale in October 2014 at Nissan dealers throughout Japan. The Remote Climate Control function, which can activate the air-conditioning system via cell phone or computer, can be set by the Intelligent Key for further convenience for customers. Nissan Motor Co.,

Japan 218