Electric Vehicle Tax Credit Bill From US Senate Finance Committee Looks Great
CleanTechnica EVs
MAY 27, 2021
The US Senate Finance Committee has put forth a bill to extend and strongly improve the US federal EV tax credit.
Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo
Green Car Congress
JANUARY 6, 2020
After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers. Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499.
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Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels
Green Car Congress
MAY 19, 2010
A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.
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PHEVs and oil demand, Porsche charging, point-of-sale tax credit: Today’s Car News
Green Car Reports
JUNE 13, 2024
The point-of-sale EV tax credit is very popular. With the release of its annual EV sales outlook, Bloomberg New Energy Finance suggests that plug-in hybrids are a wild card for oil demand. Porsche adds thousands of chargers to its app. And are plug-in hybrids potentially adding to future oil demand?
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Senate Finance Committee Approves $12,500 EV Tax Credit Bill
The Truth About Cars
MAY 27, 2021
On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.
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Tesla introduces financing product for Model S customers; lease-sale hybrid
Green Car Congress
APRIL 2, 2013
Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).
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Electric car US tax credit proposed to $12,500, less for Tesla vehicles
Electrek
MAY 27, 2021
A new bill to reform the federal electric car tax incentive in the US has passed the US Senate Finance Committee. It includes increasing the electric vehicle tax credit to up to $12,500, but it was expertly crafted to give less to Tesla vehicle buyers.
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Biofuel and Ag organizations call for accountable life cycle analysis for SAF tax credits, DOE to lead
Green Car Congress
AUGUST 10, 2021
In an effort to decarbonize transportation and reduce aviation emissions, Congress is considering new legislation to establish a tax credit to promote and develop robust domestic SAF production. We urge you to make the US Department of Energy (DOE) the lead agency in establishing a regularly updated LCA for any SAF credit.
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LAND begins production of E Moto; user-selectable e-bicycle, e-moped, e-motorcycle modes
Green Car Congress
JANUARY 21, 2022
The District is on sale now, starting at $7020 after a 10% EV tax credit, with financing available. We are excited to be entering US production and look forward to shipping our first orders. —Scott Colosimo.
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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits
Green Car Congress
DECEMBER 19, 2013
Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.
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Tesla Model 3 Long Range costs $3,200 more to finance than last week
Electrek
JUNE 21, 2024
Tesla scrapped promotional financing on the Model 3 Long Range this week after it became eligible for the $7,500 federal tax credit.
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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout
EV Adoption
AUGUST 18, 2021
Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.
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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs
Green Car Congress
MAY 3, 2023
MSRP excludes destination/delivery fee, optional equipment plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. The Mustang Mach-E qualifies for potential Inflation Reduction Act federal tax credits in 2023 of $3,750.
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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives
Green Car Congress
MAY 31, 2012
Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.
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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses
Green Car Congress
JULY 10, 2011
However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. A A$10-billion new commercially-oriented Clean Energy Finance Corporation will invest in renewable energy, low pollution and energy efficiency technologies. —Prime Minister Gillard.
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Researchers call for major change in US policies supporting plug-ins; failure of “mainstream consumer bias”
Green Car Congress
JANUARY 6, 2014
Vehicle tax credits or rebates. Examining the tax credits for PEVs, the authors note that the Congressional Budget Office (CBO) concluded that the PEV tax credit is too small to stimulate a significant amount of new consumer demand, and that most taxpayers do not have a tax liability great enough to even use the credit.
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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry
Green Car Congress
DECEMBER 22, 2013
The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels. While a Federal tax credit for the production of second-generation biofuels exists, its use has remained limited. —Miller et al.
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance
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). by Bill Cooke. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3 Billion in 2008). Cap and Trade Disappointment.
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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?
EV Adoption
FEBRUARY 23, 2021
For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.
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Alaska Governor proposes $355M financial package for LNG plant on North Slope
Green Car Congress
DECEMBER 8, 2012
Governor Parnell’s $355 million financial package includes $30 million in existing gas storage tax credits. AIDEA, in collaboration with the Alaska Energy Authority (AEA), is seeking interested parties to participate in the financing, development and operation of a liquefied natural gas production facility. —Gov.
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LG Chem to Build $ 303M Li-ion Plant in Holland, MI
Green Car Congress
MARCH 12, 2010
Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4 Granholm said an incentive package from the state—which included a $100 million advanced battery cell tax credit, a 15-year job-creation tax credit worth $25.2 LG Chem Ltd. Michigan Governor Jennifer M.
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California adds $72.5M for cleaner diesel trucks, deployment of advanced vehicle technologies
Green Car Congress
SEPTEMBER 27, 2013
This can be combined with an up to $7,500 clean vehicle federal tax credit and various other regional incentives. ARB’s Truck Loan Assistance Program received an additional $18 million to help small business fleet owners finance truck upgrades required under the ARB’s In-Use Truck and Bus Regulation.
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246 Electrification Coalition Roadmap Calls for 75% of Light-Duty Vehicle Miles Traveled in the US to Be Electric by 2040
Green Car Congress
NOVEMBER 16, 2009
” The roadmap report examines the challenges facing electrification, including battery technology and cost, infrastructure financing, regulatory requirements, electric power sector interface, and consumer acceptance issues. Extend consumer tax credits for home charging equipment.
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Captive Finance The Key To Tesla Selling EVs To 81 Million Households In The USA
CleanTechnica EVs
JANUARY 26, 2023
In this article, I will explain how many households don’t have access to the US EV tax credit and some possible solutions. 81 Million (63% Of Households) In US Not Eligible For Full $7,500 Tax Credit I’ve been writing a lot recently about how affordable electric cars are going to be soon.
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Electric Car: Lease Or Buy?
Green Car Reports
JUNE 24, 2013
Each financing option has its pros and cons, so we''ve outlined the reasons you might opt for each alternative. LEASING The Federal income-tax credit of $2,500 to $7,500 is.' It''s a question that all new-car shoppers face--but for electric cars, there are some special considerations.
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166 California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity
Green Car Congress
DECEMBER 30, 2009
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 tax credits under the American Reinvestment and Recovery Act (Recovery Act).
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US Departments of Treasury, Energy Announce More Than $3B in Recovery Act Funds for Direct Payments for Renewable Energy Projects
Green Car Congress
JULY 9, 2009
Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will provide direct payments in lieu of tax credits 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.
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Tesla Model Y Much Cheaper Than These 3 Competitors
CleanTechnica EVs
JUNE 29, 2024
Reporting on the Tesla Model 3 Long Range gaining eligibility for the $7,500 US tax credit, and then reporting on your “last” chance to get 1.99% APR financing on a Model 3 RWD, I started thinking about how cost competitive the Model 3 has become. But then I remembered that.
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California to receive more than $236M to support transit agencies’ transition to zero-emission buses
Green Car Congress
AUGUST 12, 2022
The recently passed Inflation Reduction Act would also provide $1 billion for clean heavy-duty vehicles, including transit and school buses, and a new tax credit of up to $40,000 for commercial vehicles, for which transit agencies and school districts are eligible. The Bipartisan Infrastructure Law passed last year provides $5.6
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284 EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity
Green Car Congress
JULY 19, 2011
LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Planning for new nuclear generation continues, but faces challenges in financing stemming from high capital costs, long lead times in licensing and construction, and rising cost projections.
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239 Lease A Green Vehicle, Get Rebate Yourself--In CO, Anyway
Green Car Reports
APRIL 13, 2012
A bill signed in Colorado will now allow lessees to claim any tax credits for hybrid cars and electric vehicles, rather than the lessor. Previously, the state had allowed banks or finance companies to choose whether claim the credits themselves on lease vehicles, or to pass the credits on to the lessee.
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133 Ford and SunPower to offer home rooftop solar system to offset charging of Focus Electric
Green Car Congress
AUGUST 10, 2011
The complete SunPower solar system is offered at a base price of less than $10,000, after federal tax credits. Affordable financing options for the solar system are available through SunPower. This price point does not include local sales tax.
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186 Firefly & Hyundai Motor America create pilot program to offer rideshare fleets & drivers new vehicles with bonus income up to $3,600/year
Green Car Congress
APRIL 5, 2022
With opportunities for drivers to earn additional income upon purchasing a new vehicle by having Firefly’s smart display screen technology integrated onto and inside each vehicle, Hyundai Drive by Firefly could help cover monthly car lease/financing costs for qualified drivers and fleets for the duration of the program.
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REGI secures up to $20M for biodiesel plant capacity expansion
Green Car Congress
MAY 2, 2017
has secured financing of up to $20 million from First Midwest Bank for the $24-million capacity-expansion project at the company’s Ralston, Iowa biodiesel refinery. Terry Branstad at REG’s Newton biorefinery, extends the existing 2 cents per gallon biodiesel production tax credit for seven years beginning 1 Januar 2018.
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Rivian introduces two quad-motor, AWD “Electric Adventure Vehicles”
Green Car Congress
NOVEMBER 30, 2018
R1T pricing starts at $61,500 after Federal Tax credit. R1S pricing starts at $65,000 after Federal Tax credit. Headquarters in Plymouth, Michigan are dedicated to finances, engineering, and design. Deliveries begin in late 2020.
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Tesla to increase Model Y price in the U.S. next month
Teslarati
MARCH 16, 2024
also offer additional local tax credits on electric vehicles (EVs). also offer additional local tax credits on electric vehicles (EVs). On the first day of March, the automaker increased the Model Y price by $1,000 , effectively bringing the EV to its current pre-tax-credit price of $43,990.
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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable
EV Adoption
SEPTEMBER 7, 2021
One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.
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Tesla launches $0 due at signing promotion for Model 3 and Model Y
Teslarati
SEPTEMBER 14, 2024
As noted by Tesla on the order page of the Model 3 and Model Y , the $0 due at signing promotion applies to financed vehicles when buyers apply for the $7,500 federal tax credit at point of sale OR. Or put 20% down and get 1.99% APR* when you finance a qualifying Model 3 for up to 60 months.
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How Does the Electric Car Tax Credit Work in 2023?
Setec Powerr
APRIL 26, 2023
One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.
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How to Save Big on a Tesla with Colorado’s New EV Tax Credit
EV Life
JANUARY 11, 2024
Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. This is great news for Tesla fans, as many Tesla models qualify for the credit. And the federal tax credit just got even easier to use.
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2018 Honda Clarity Electric hits dealerships in California and Oregon with $199 lease deal
Green Car Reports
MAY 11, 2018
That figure reflects the $7,500 federal tax credit, which Honda finance will keep as part of the capitalized cost reduction of the lease. The 2018 Honda Clarity Electric car rolled into California and Oregon dealerships this week, but nobody can buy it.
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage
Green Car Congress
SEPTEMBER 1, 2023
Domestic production better positions Eos to access the 45X advanced manufacturing direct pay tax credits available under the IRA. The Eos Z3 battery contains predominately American components and is specifically designed for mass production and meeting low-cost, long-duration, grid-scale stationary energy storage needs.
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195 Fisker Lands Additional $85M for Karma Plug-in
Green Car Congress
APRIL 7, 2009
The financing is expected to be completed this month and will be the fourth and largest investment round since the company’s inception in August 2007. Early production vehicles of the 2010 Fisker Karma are slated to come off the assembly line late this year.
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Colorado Electric Vehicle Tax Credit Rises to $5,000
EV Life
JUNE 29, 2023
The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.
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