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An $8,000 federal taxcredit on qualifying hydrogen fuel-cell passenger vehicles has been extended through January 2022 though the latest economic stimulus bill passed by the U.S. The taxcredit, called the Fuel Cell Motor Vehicle TaxCredit, had been due to expire at the end of the month.
From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure taxcredit into the stimulus bill. And then you helped us get it passed!
This interest should continue to grow as more taxcredits and incentives become available to ease the transition to hybrid school buses. —Enova COO John Mullins. Several states and school districts have expressed interest in expanding their hybrid school bus fleets, Enova said.
However, two-thirds of the sticker registrants had hybrid cars already on the road, the authors noted; in other words, the stimulus effect was lower than expected. Between August 2005 and June 2011, California law allowed owners of hybrid vehicles achieving at least 45 mpg (5.2
Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will provide direct payments in lieu of taxcredits in support of an estimated 5,000 biomass, solar, wind, and other types of renewable energy production facilities. This direct payment program allows for an immediate stimulus in local economies.
Deutsche Bank’s China Auto analyst, Vincent Ha, continues to see robust light vehicle sales over the next few years, with a slow to about 11% YoY growth in 2011 (due to a high base from the 2010 surge, and reductions in government stimulus), followed by sustainable low double digit growth in 2012. He also believes that sub-1.6L
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). by Bill Cooke. Many participants at the conference expect a 30% decline for the year overall. Cap and Trade Disappointment.
Last year people were able to get unleveraged tax equity financing to monetize the production taxcredits at yields to the tax investor of 6-7%; this year tax equity investors are seeking yields ranging from 10-15% for leveraged tax equity transactions utilizing the investment taxcredit that is now available under the Stimulus Bill.
California was the first state to sign an MOU with the Department of the Interior to cooperatively develop long-term renewable energy plans and to usher eligible projects through state and federal permitting processes that can receive 30% federal taxcredits under the American Reinvestment and Recovery Act (Recovery Act).
The $787-billion stimulus bill (HR 1, the American Recovery and Reinvestment Act) that emerged from the joint House-Senate conference committee this week provides funds for a large range of transportation-related projects. TaxCredits for Plug-ins. No Republicans voted for the measure, and seven Democrats voted against it.
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