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The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06 per gallon of DME used and $0.06 per gallon).
Diesel is currently taxed at a lower level than gasoline in Europe; however, since 2011 the EC has been considering reversing that situation by making energy taxes systematically reflect the CO 2 performance of the energy product. A scheme including a decreased gasoline tax could bring about an increase in CO 2 emissions.
The Electrification Coalition released two case studies outlining how two cities— Houston, Texas and Loveland, Colorado —are saving money by using electric vehicles (EVs) in their vehicle fleets. Loveland is now aiming to convert all of its light-duty fleet vehicles that work within a close distance of the city to EVs.
The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. ChargePoint is a leader in EV charging, operating in 18 countries and offering a comprehensive software and hardware portfolio of solutions for commercial, fleet, and residential use cases. State and local incentives could add further benefits.
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.,
An additional $40,000 in federal tax credits is expected from the Inflation Reduction Act. Net of the various incentives, AJR Trucking anticipates rough cost parity with its existing fleet of trucks in its postal service and drayage operations. AJR Trucking, headquartered in Compton, has more than 500 trucks in its fleet.
Motiv Power Systems has launched its next-generation electric trucks for medium-duty fleets. million miles with fleets across North America. This means that fleets can drive the full range with a max rated payload, opening the door to electrification for companies with large payload requirements such as linens and office supplies.
Key findings from the report include: Hydrogen fuel cells trucks are just starting to see real-world use and their adoption is being driven by regional or national considerations that are much bigger than what exists for trucking fleets. Incentives, grants, credits, tax breaks will be around for a while. of hydrogen adoption in 2030.
The company plans to ship a total of 50 XCIENT Fuel Cells to Switzerland this year, with handover to commercial fleet customers starting in September. One of the reasons is the Swiss LSVA road tax on commercial vehicles, which does not apply for zero-emission trucks. Earlier post.) kg of hydrogen.
The professionals targeted tend to be small and medium-sized fleets. To educate business owners in how to transfer their fleets and encourage them to buy electric vehicles, a number of aids have been introduced. There are tax incentives in most European countries. ë-Berlingo van range.
Toyota likely hit the ceiling for the EV tax credit. Electric trucks could pull off the majority of fleet uses today at a cost advantage. Retroactive discounts apply to the Chevrolet Bolt EV and EUV. Is the EV market on the verge of collapse over price pressures? This and more, here at Green Car Reports.
Nissan has entered into an agreement with the Royal Government of Bhutan with the shared goal of achieving the nation’s transition to an electric vehicle fleet. As a first step in the cooperation, Nissan will deliver Nissan LEAFs for use in the government fleet, and as taxis, as well as demonstration units for the national rollout of EVs.
Maven is now offering its first all-electric fleet of cars for use in the gig economy; 20 Chevrolet Bolt EVs are available for freelance drivers in Austin, Texas to earn money on their own schedules. Pricing starts at $229 per week plus taxes. Bolt EVs in the Maven fleet have driven 6.5
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing. Fleet managers can set parameters for power usage. This version offers customers a targeted 563-horsepower 4x4 powertrain, while torque remains 775 lb-ft. Available 9.6-kilowatt
Key findings include insights into vehicle depreciation, an in-depth examination of insurance premium costs, comprehensive maintenance and repair estimates, an analysis of all relevant taxes and fees, and considerations of specific costs applicable to commercial vehicles.
The ELECTRA ferry offers OPEX reductions of up to 35% compared to fossil fuel burning fast ferry alternatives, as well as helps operators de-risk the future cost uncertainties of carbon taxes and emissions trading schemes being implemented globally.
GtCO 2 (28% of the projected 2015–2050 light-duty vehicle fleet emissions). 2015–2050 US light-duty fleet cumulative CO 2 emissions versus CO 2 budget under prospective future developments. C global warming. Current policies will create a mitigation gap of up to 19?GtCO Milovanoff et al.
As of 31 July, fiscal 2014 tax revenue from sales of compressed natural gas (CNG) and liquefied natural gas (LNG) motor fuel totaled $2,178,199, according to the Texas state Comptroller’s office. State forecasters projected fiscal 2014 natural gas motor fuel tax revenue of $992,000, equal to sales of 6.6 million gallon equivalents.
million over four years to launch a new purchase incentive program for medium- and heavy-duty ZEVs to help businesses upgrade their fleets. The introduction of a new 30% Critical Mineral Exploration Tax Credit for specified mineral exploration expenses incurred in Canada and renounced to flow-through share investors. This includes $1.7
Motiv Power Systems announced the new Argo Series electric truck featuring a medium-duty EV cab designed from the ground up, with customer-driven miles and fleet owner feedback built in. Argo vehicles will be manufactured in the US and are eligible for the IRA tax credit and as well as select incentives programs.
Federal government tightens efficiency standard for luxury car tax exemptions in a significant win for EVs, particularly in fleet purchases, as it will exclude many hybrid cars. The post Another win for EVs as Australia tightens efficiency rules for luxury car tax exemptions appeared first on The Driven.
Firefly, a fast-growing in-car and car-top mobility media company and a Google Ventures-backed startup, will collaborate with Hyundai in promoting its vehicles—including EVs—to rideshare fleets and drivers across key US cities. The program will be available everywhere Firefly is on the road.
Labor says its electric vehicle tax cuts ar e“good for motorists, good for climate action and good for fleet purchases”. The post Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon appeared first on The Driven. They won’t, however, help most Australians afford one.
Hertz announced on Thursday in a regulatory filing with the SEC that it has made a “strategic decision” to slash its electric vehicle fleet by 20,000 vehicles. In the filing , Hertz said the figure is roughly one-third of its global EV fleet. Hertz has health with a major decrease in the value of its EV fleet, it said.
Georgia has a tax credit worth up to $5,000 for zero-emissions vehicles. San Diego ranks in the top LEAF cities for many of the same reasons in other California and West Coast markets: state tax incentives, HOV/HOT access and general environment-mindedness. area, Maryland offers a $1,000 EV tax credit. Chicago and Denver (tied).
Optimizing Car Leasing Tax Advantages The UK Business Benefits This article may contain affiliate links. Running a business in the UK involves careful financial planning, and one aspect that often requires consideration is your company’s vehicle fleet.
In agreeing to purchase electric vehicles through the Collaborative, cities and counties gain access to competitively-priced electric vehicles and charging infrastructure, as well as reduced-cost leasing options through state and federal tax credits.
Last Spring, Mercedes-Benz, the company’s first automotive customer, announced that it had selected Sila’s NCS for its luxury electric fleet, starting with the Mercedes-Benz G-Class, due out by mid-decade. Sila offers an alternative anode material source for automakers that want to meet requirements for Inflation Reduction Act tax credits.
That’s higher than the cost of a comparable diesel-powered Class 8 truck, so the Tesla Semi would have to be very compelling to convince drivers and fleet owners to make the switch to electric. The post Tesla Semi will be incredibly affordable with US’ revamped EV tax credit appeared first on TESLARATI.
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. FAST Forward with Fairfield: The FAST Bus Fleet Electrification Project.
The propane fleet will replace gasoline- and diesel-fueled vehicles used largely in rural areas in Louisiana and Oklahoma with other states pending. States that attract this type of investment with tax incentives and grants will factor into the UPS deployment strategy. —David Abney, UPS chief operating officer.
Legislations for taxing weight size and engine power will help produce and sell such a car. The current EV market is a fleet market, a B2B market, not a B2C market. The car of the future is a small city car, but not necessarily electric, Meilhan suggests. Making parking even more expensive for regular cars will help.
Giving consumers point of sale rebates and tax incentives to buy American-made EVs, while ensuring that these vehicles are affordable for all families and manufactured by workers with good jobs. Electrifying the federal fleet, including that of the United States Postal Service. Climate science and clean energy.
One of the most intriguing of these changes for car buyers is a revamped electric vehicle (EV) tax credit. How Much Can You Get from the EV Tax Credit? The new EV tax credit, like the one that preceded it, offers up to $7,500 for electric passenger cars and light trucks. A tax credit also applies to used EVs.
It also accelerates the transition to cleaner vehicle fleets in communities around the country, including expanding Diesel Emissions Reduction Act Grant Program funding, and supports the creation of regional fueling infrastructure for low-carbon vehicles.
Due to the unique combination of solar irradiance, California tax incentives, and proximity to large-scale offtake, Bakersfield is the ideal project to anchor our North American strategy. Fusion Fuel has engaged Black & Veatch to perform a concept study and is also working with Cornerstone Engineering and Headwaters Solutions.
California Proposition 30 will allow residents to vote on a tax increase on those who make over $2 million annually to fund EV incentives and charging infrastructure. And if passed, the taxes rate on $2 million annual earners would increase from 13.3% And this criticism has come from some of the most influential voices in the state.
The Volvo VNR Electric trucks join NFI’s fleet of more than 4,500 heavy-duty tractors that support its dedicated transportation and port drayage services for customers spanning from manufacturing to retail. —Jim O’Leary, vice president, Assets/Fleet Services, NFI Industries.
Lightning also outlined a diesel replacement scenario being considered by the rental car shuttle fleet. Lightning Hybrids currently has vehicles in ten fleets in the US and Canada and has orders for vehicles in fleets in the US, India, Mexico and England that will be delivered over the next three months.
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.
ClearFlame Engine Technologies, a startup developing net-zero engine technology ( earlier post ), announced the publication of an independent study that finds ClearFlame’s technology could help fleet owners and other heavy-duty truck operators lower total costs while meeting sustainability goals sooner than currently available alternatives.
Hertz found that out the hard way, as it aggressively invested in new EVs for its rental fleet a couple of years ago, only to begin selling them off in 2024. While that splashy announcement likely netted the company new customers, it now has hundreds of EVs on sale as it moves to scale back its fleet.
The best time to transition your business vehicle fleet from internal combustion engine (ICE) vehicles to electric vehicles (EV) is now. Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations.
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