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The National Zero-Emission Truck (ZET) Coalition, including some four dozen organizations representing the US’ major heavy truck makers, innovators, suppliers and key stakeholders, sent a letter to Congressional leadership calling on any stimulus or recovery legislative package to prioritize investments that benefit U.S.
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.
Last year people were able to get unleveraged tax equity financing to monetize the production tax credits 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 tax credit that is now available under the Stimulus Bill.
The new administration’s stimuluspackage allots $2B for advanced batteries, $300M for federal and states fleets to buy new clean fuel vehicles and $7,500 tax rebate for PHEV, with yet more money in the Auto-Industry Re-tooling fund. No on has a lock on this future; everything is up for grabs.
Price and tax incentives need to be worked out. Under last year’s stimuluspackage, nearly $200 million will support Nissan’s introduction of the Leaf by permitting the installation of 13,000 charging stations around cities in Oregon, Washington, California, Arizona and Tennessee in the next year or so.
Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimuluspackage approved in February for buyers of plug-incars. We will have packages that will be verycompetitive at that time.” millionthis year from $211.9 million, according to the EnergyDepartment Web site. Oil prices are going to go up.
The stimuluspackage is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Is tax equity dead? Cap and Trade Disappointment.
This bill is not only the most sweeping economic recovery package in our nation’s history, it’s also the greenest. Tax Incentives to Spur Energy Savings and Green Jobs. Consumers to Benefit from Tax Relief, More Green Jobs. Read: Here’s What’s Green In It. Landmark Energy Savings at Home.
The treasure chest was cleverly disguised in the form of Federal stimulus money from the ARRA, the American Recovery and Reinvestment Act. But snatching victory from the jaws of defeat – like a last second Derek Fisher three pointer at the buzzer – as I discovered from Brian Gitt, is the infusion of ARRA stimulus money.
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