Green Car Congress

DECEMBER 10, 2014

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. However, the incentive does not apply to the purchase of PHEVs.

Plug-in 381

Plug-in Tax Credit California Rhode Island 381

Green Car Congress

JANUARY 18, 2023

This factor measures the potential commitment to purchasing an EV based on voice of the customer and online behavioral data. This factor measures the proportion of new-vehicle buyers who have an EV purchase option that meets their buying needs, reflective of factors like price, manufacturer origin, segment and other inputs.

Power 199

Power Powered Gas Vehicles 199

Green Car Congress

MARCH 8, 2010

The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving. The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. —Morrow et al. Adoption of all of the preceding policies.

Tax Credit 220

Tax Credit Tax Emissions Fuel 220

Clean Fleet Report

DECEMBER 27, 2021

The upfront cost of an EV is the biggest barrier to EV adoption, with the average cost of a new EV being 52 percent more than a gas vehicle. Rebates & Tax Credits Don’t Help Most Americans. However, with Senator Manchin saying no to Build Back Better, any improvements to the EV tax credit are now in limbo.

Affordable 81

Affordable Tax Credit Climate Tax 81

Green Car Congress

JANUARY 28, 2022

Those 10 factors are (in alphabetical order): accuracy of stated battery range; availability of public charging stations; battery range; cost of ownership; driving enjoyment; ease of charging at home; interior and exterior styling (new in 2022); safety and technology features (new); service experience (new); and vehicle quality and reliability.

Power 259

Power Powered Purchase Tax Credit 259

Green Car Congress

SEPTEMBER 21, 2012

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.

Tax Credit 252

Tax Credit Gasoline Tax Gasoline-Electric 252

Green Car Congress

NOVEMBER 12, 2022

FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The company is also evaluating value accretive upstream and downstream modules as well as additional cell production lines that are expected to bring total capital investments to more than $2.6

Georgia 150

Georgia Battery Batteries Tax Credit 150

Green Car Congress

MARCH 7, 2012

Tax credits. Removing the cap on the number of vehicles per manufacturer eligible for the credit and, instead, ramping down and eventually eliminating the credit at the end of the decade.

Alternative Fuels 240

Alternative Fuels Obama Purchase Tax Credit 240

Green Car Congress

OCTOBER 23, 2019

It was a little surprising to find consumer sentiment about self-driving vehicles and electrification has stayed flat, but it shows that consumers are really steadfast in their opinions about new mobility technologies right now, regardless of how close they are to being available for purchase.

Power 170

Power Powered Vehicles Purchase 170

Green Car Congress

DECEMBER 17, 2013

Its efforts to incorporate alternative fuel 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. Hybrids now constitute more than 50% of the city’s light-duty fleet.

Houston 312

Houston Fleet Tax Credit Plug-in 312

Green Car Congress

JULY 12, 2009

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 tax credits for natural gas vehicle purchasing, refueling and manufacturing. Includes conversions and repowers.

Gas 170

Gas Tax Credit Alternative Fuels Vehicles 170

Green Car Congress

MAY 20, 2015

Malloy announced the Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR). Under this new initiative, a cash rebate of up to $3,000 is now available for Connecticut residents, businesses, and municipalities who purchase or lease an eligible electric vehicle (EV). Connecticut Governor Dannel P.

Connecticut 150

Connecticut PHEV Tax Credit Fusion 150

Green Car Congress

JANUARY 9, 2012

After federal tax savings, the base price will be $29,750, and will qualify for additional state tax credits, including a maximum of $2,500 in California and up to $7,500 in 12 other states.

Range 225

Range Tax Credit Battery Batteries 225

Green Car Congress

OCTOBER 31, 2014

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. per year in recent years.

Sale 374

Sale PHEV District of Columbia North Dakota 374

Green Car Congress

OCTOBER 12, 2014

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

Davis 290

Davis Plug-in Plug Sale 290

Green Car Congress

NOVEMBER 15, 2010

The Fleet Roadmap is geared toward demonstrating targeted opportunities in which the lower operating costs of electric drive vehicles, coupled with the operational norms of commercial and government fleets, could make adoption of grid-electric vehicles (GEVs)—i.e., Last week, GE announced plans to purchase 25,000 GEVs by 2015.

Fleet 236

Fleet PHEV 2015 Tax Credit 236

Green Car Congress

NOVEMBER 16, 2009

Achieving this will require a minimum of 25% of new light-duty vehicles purchased in the US to be grid-enabled vehicles (GEV) by 2020. This is defined as the point at which grid-enabled vehicles represent 25 percent of new LDV purchases. Extend consumer tax credits for home charging equipment. Click to enlarge.

Light 231

Light Tax Credit Miles Tax 231

Green Car Congress

SEPTEMBER 26, 2013

Researchers at Georgia Tech have compared medium-duty (MD) electric and diesel urban delivery trucks in terms of life-cycle energy consumption, greenhouse gas (GHG) emissions, and total cost of ownership (TCO). One surprise among their findings was that the electric truck had cost advantages over the diesel vehicle under some conditions.

Georgia 268

Georgia Diesel Gas-Electric Electrical 268

Green Car Congress

APRIL 27, 2011

The study gauges consumer consideration rates of these powertrain types for their next new vehicle purchase and explores specific perceived benefits and concerns that factor into the decision-making process. At the end of 2010, tax credits from the Energy Policy Act of 2005 were phased out. Diesel engine vehicles: 31%.

2016 231

2016 Hybrid Price Market 231

Green Car Congress

MAY 22, 2013

PEVs have higher purchase prices than comparable conventional vehicles. Some research has shown that purchase rebates can be more effective than income-tax credits, the committee noted. Most BEVs have small driving ranges, and this could be a substantial barrier to their widespread adoption.

Plug-in 312

Plug-in Tax Automobile Manufacturer Charging 312

Green Car Congress

OCTOBER 4, 2011

In 2005, Congress enacted the Renewable Fuel Standard as part of the Energy Policy Act (EPAct) and amended it in the 2007 Energy Independence and Security Act (EISA). As of 2010, biofuel production was contingent on subsidies, tax credits, the import tariff, loan guarantees, RFS2, and similar policies.

Renewable 252

Renewable Tax Credit Conversion Fuel 252

Green Car Congress

FEBRUARY 8, 2011

However, additional policy steps are needed to further drive innovation, reduce costs, and spur consumer demand, the report says. The performance and cost effectiveness of the early EVs in the market will be a major but unknowable factor in how many EVs are on the road by 2015. Earlier post.). One Million Electric Vehicles by 2015.

2015 210

2015 Plug-in Tax Credit Plug 210

Green Car Congress

MAY 13, 2010

The bill prohibits covered entities from emitting or having attributable greenhouse gases in excess of their allowable emissions level, which is determined by the number of emission allowances and offset credits they hold on the specified date. Monetary and injunctive penalties are associated with non-compliance. Blocking Market Manipulation.

Gas-Electric 210

Gas-Electric Gas Climate Energy 210

Green Car Congress

MARCH 12, 2009

Under the Environmental Protection Agency’s (EPA) related Diesel Emission Reduction Act (DERA), funding is available through ARRA for up to 25% of the cost of a new hybrid truck. Fleets are able to purchase multiple trucks. An existing diesel truck has to be taken out of service for each new hybrid truck that is purchased.

Eaton 150

Eaton Grant Diesel Fleet 150

Green Car Congress

MAY 15, 2009

million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state. The State of Indiana is offering $4.6 EMC, a Camarillo, Calif.,-based

Indiana 150

Indiana Corporation Motoring Motors 150

Green Car Congress

SEPTEMBER 27, 2011

To answer this question, we gathered data on (i) the quantity and location of emissions released from tailpipes and from upstream processes to produce and operate vehicles, (ii) the externality costs of damages caused by the release of these emissions, and (iii) estimates of externalities and other costs to the US associated with oil consumption.

PHEV 186

PHEV Oil Emissions Battery 186

Green Car Congress

NOVEMBER 9, 2012

Starting MSRP is $29,995 (after a federal tax credit). The EPA estimates that driving C-MAX Energi saves almost $7,000 in fuel costs over the course of five years compared with the average new vehicle. Earlier post.). In electric-only mode, C-MAX Energi uses an advanced 35 kW peak, 7.6-kWh

Plug-in 312

Plug-in Plug Ford Hybrid 312

Green Car Congress

AUGUST 7, 2009

However, the team notes in the study, “PHEV marketplace penetration: An agent based simulation”, to achieve that level of penetration given the additional cost of the vehicles, subsidies in addition to the Federal tax credit already in place are critical. Fleet penetration would be less than 1% in ten years, the study finds.

PHEV 186

PHEV Fleet 2020 Tax Credit 186

Green Car Congress

SEPTEMBER 24, 2012

Consumers may be reluctant to purchase a green vehicle if they are uncertain that a network of refueling/charging infrastructure will be extended far enough to cover their needs. High entry costs may exist for new technologies, and therefore lead to high cost of switching to these new technologies for users.

Green Cars 360

Green Cars Green Market Green Vehicles 360

Green Car Congress

APRIL 22, 2015

The task of the committee of experts and stakeholders writing the report was (1) to identify market barriers slowing the purchase of PEVs and hindering the deployment of supporting infrastructure in the United States and (2) to recommend ways to mitigate those barriers.

Purchase 150

Purchase Battery Batteries Re-Charge 150

Green Car Congress

NOVEMBER 26, 2020

According to the EPA’s calculations, based on an electricity cost of 13 cents per kilowatt-hour, the ID.4 4 has estimated an annual fuel cost of $700. 4 owners also benefit from three years of unlimited charging sessions with Electrify America at no additional cost to the vehicle’s purchase price. The 2021 ID.4

EPA 243

EPA Miles SUV Range 243

Green Car Congress

FEBRUARY 4, 2011

However, consumer demand for PEVs is quite uncertain and, barring another global spike in oil prices, may be limited to a minor percentage of new vehicle purchasers (e.g., Given the high cost of battery production, a BEV that approaches affordability (with generous tax credits) has a driving range of about 70-100 miles on a full charge.

Plug-in 218

Plug-in 2015 Plug Recharge 218

Green Car Congress

JULY 22, 2009

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). Neil Auerbach of Hudson Capital points out “ Every 100 bps increase in cost of debt = $2-$5 MWh cost of renewable energy.

Financing 150

Financing Renewable Stimulus Package Energy 150

Green Car Congress

JULY 21, 2016

It will also list current tax credits and incentives applicable to EV charging. The Office of Federal Sustainability is inviting State, county and municipal government fleets to join forces with Federal agencies to maximize their collective buying power, and aggregate their EV and charging infrastructure purchases.

Obama 150

Obama Charging Financing Alternative Fuels 150

Green Car Congress

OCTOBER 1, 2010

The technology pathways are intended to show the different cost impacts of achieving different levels of stringency, if the industry were to place more or less emphasis on hybrids, plug-in hybrids, and electric vehicles as compared to advanced gasoline technologies and vehicle mass reduction.

Fuel Economy 199

Fuel Economy EPA 2017 Economy 199

Plug In Partners

AUGUST 4, 2006

Tax credits to cover up to 50 percent of the cost of purchasing alternative fuel vehicle refueling equipment that would be used by facilities selling E85, biodiesel, CNG, hydrogen, natural gas, liquefied or petroleum gas. * Thanks to Green Car Congress for the tip. Sign the On Line Petition more news HOME

New York 100

New York Alternative Fuels PHEV Renewable 100

Green Car Congress

APRIL 5, 2009

However, the survey also found that the public may not yet be prepared for the tradeoffs and challenges needed to make these proposals a reality, with majorities rejecting measures such as a floor on gasoline prices, congestion charges, or higher fuel taxes. Anything that increases the cost of driving is soundly rejected by the public.

Energy 150

Energy Climate Change Tax Oil 150