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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., ITC Holdings Corp.,

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About Cars

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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Electric Motors Corporation (EMC) Receives First Indiana Incentives to Launch Electric Automotive Technology

Green Car Congress

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. Earlier in May, Electric Motors Corporation was acquired by Optimax Industries, Inc., EMC, a Camarillo, Calif.,-based

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Lordstown Motors Goes Bust

The Truth About Cars

On Tuesday, Lordstown Motors Corp. Former chief executive of Lordstown Motors, Steve Burns, managed to sell off every share of his stock before the company filed for Chapter 11. Meanwhile, the Lordstown Motors of today is on damage control with the business issuing a press release explaining the bankruptcy and what it intends to do.

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Mitsubishi Motors to launch new Mirage global compact in Japan; 1.0L gasoline engine with 64 mpg US

Green Car Congress

Mitsubishi Motors Corporation (MMC) will launch the all-new Mirage global compact car at dealerships throughout Japan on 31 August at an MSRP ranging from ¥998,000 to ¥1,288,000 (US$12,800 to $16,500). The new Mirage. Click to enlarge. Earlier post.). This figure is more than 20% better than Japan’s 2015 Fuel Efficiency Standards.

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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

Tesla Motors, Inc. and Toyota Motor Corporation (TMC) intend to cooperate on the development of electric vehicles, parts, and production system and engineering support. Tesla also has purchased the former NUMMI factory in Fremont, California, where it will build the Model S sedan ( earlier post ) and future Tesla vehicles.

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