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tax credits

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    Exclusive: IRS won't, or can't, reveal how many plug-in vehicle tax credits are left
    No One At The Federal Agency Seems To Know What's Going On 1411066740

    The IRS has set up a page to help track individual automaker sales figures, but it's a complete mess. One of the benefits of driving a plug-in vehicle these days is a federal tax credit worth up to $7,500. Officially called IRC 30D, this credit is intended to make the high cost of new EVs ...

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    Report: Tesla's Musk says Obama win means good things for plug-in vehicles
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    That gift horse? Elon Musk ain't looking it in the mouth. The Tesla Motors chief appears to be pretty happy about last week's presidential election results, saying that four more years of President Barack Obama likely means more electric vehicle (EV) production, Reuters reports. More newsworthy, ...

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    Official: EDTA: Yes, federal tax incentives spur alt-fuel vehicle sales
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    You won't say it, but we will. That's what the Electric Drive Transportation Association (EDTA) appears to be saying in a response to a Congressional Budget Office (CBO) report on electric-drive vehicle incentives and their effect on vehicle sales. While the CBO report stayed away from ...

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    Report: DOT's LaHood defends tax credit for plug-in vehicles
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    U.S. Department of Transportation Secretary Ray LaHood said tax incentives for plug-in electric vehicles have been an effective way of boosting consumer interest in cars like the Chevrolet Volt extended-range plug-in and the Nissan Leaf battery-electric vehicle, even though the two models had ...

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    Three federal electric vehicle incentives expiring at end of 2011
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    2011 may have been the first full year that multiple mainstream plug-in vehicles were available in the U.S., but it will also be remembered – most likely – as the year when the U.S. federal government was offering the most money to plug-in vehicle buyers (based on the number and types ...

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    Report: $33M in EV tax credits went to buy unqualified vehicles
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    Is a bicycle an electric vehicle? How about a Hummer H3? These are some of the things that Americans claimed were hybrids, alternative-powered or plug-in electric vehicles on their tax forms, reports USA Today. What's more, the false claimants managed to get $33 million back from the federal ...

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    House vote on biodiesel tax credit could come today
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    For those of us who use/produce/sell/are fond of biodiesel, 2010 has been frustrating to say the least. The $1 per gallon biodiesel tax credit expired in late December 2009, and it wasn't too long after that local biodiesel pumps across the country started drying up. Reinstatement of the tax ...

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    Tax credit for "black liquor" eliminated under health care reform bill *UPDATE
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    Buried in the health car reform legislation is a mention of a paper-making byproduct known as "black liquor." This substance, a wood-pulping byproduct, is utilized as a biofuel to generate electricity for paper-making companies throughout the U.S. Up until now, companies utilizing this black ...

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    Making money on the Chevy Volt won't be easy, should the Feds boost support?
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    2011 Chevrolet Volt – Click above for high-res image gallery
    How much influence should the government have when setting out a path for more fuel efficient vehicles? It's a question that has been debated at length on these very pages already, and it's an issue that seems likely to generate ...

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    Coda says plug-in vehicle tax rebate (instead of credit) would triple customer demand
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    Know the difference between a tax rebate and a tax credit? They may seem like the same thing – paying fewer taxes – but there's a big difference. A credit is something you get back when you file your taxes and a rebate, in this case an instant cash rebate, is money you'd get back when ...

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    Obama mulling more support for plug-in vehicle manufacturers
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    The U.S. federal government has put a lot of money into clean car companies this past year, including about $8.5 billion through U.S. Department of Energy's Advanced Technology Vehicle Manufacturing Program (Ford got $5.9 billion, Nissan $1.6 billion, Fisker Automotive $528.7 million, and Tesla ...

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    ElectricAid, Norstart rustle up support for electric vehicle government credit in Norway
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    Members of ElectricAid and Norstart, two pro-electric vehicle organizations in Norway, spent the weekend talking to high profile politicians in that country about the country's EV policies. The occasion was the annual Environmental Car Exhibition in Oslo and representatives from the two groups ...

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    Responses to Obama's move, and looking at the potential of a $10,000 PHEV tax credit
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    There were good and bad receptions to President Obama's move earlier this week to push the EPA to rethink the California waiver decision (details here). GM released a very short statement that said they were "ready to engage the Obama administration and the Congress" on this topic (read the whole ...

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    Michigan approves $335 million in tax breaks for battery manufacturers
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    The state of Michigan has been trying to attract advanced technology and green energy companies for several years now - with limited success. The latest effort passed through the Michigan legislature just before the holiday break in the form of tax credits for battery companies that set up ...

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    April 15th is coming and the IRS has got your biofuel tax information ready
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    If you're the Ned Flanders type who just loves to get your taxes done early, we've got the post for you. The IRS has prepared a document on the changes to the tax code that biodiesel and cellulosic biofuel producers need to be aware of. If you know that ASTM D 6751 biodiesel standard was revised, ...

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    Come 2009, U.S. tax credits will exist mostly for large, low-MPG hybrids
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    click for more images of the 2009 Toyota Prius
    What's in a number? For hybrid buyers, the number 60,000 is an important one. As you might know, when Congress enacted the particular hybrid tax credit, they set a limit of 60,000 vehicles per manufacturer to get the discount, and the more popular ...

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    Michigan governor proposes state income tax credit of hybrid buyers
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    At meeting this week at Michigan State University on "green collar job" creation, Governor Jennifer Granholm floated the idea of state income tax credits for residents that buy hybrid or electric cars. While the IRS and a variety of states already offer similar incentives, it's unlikely that ...

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    VIDEO: McCain ad tries to pander to all sides simultaneously
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    The John McCain presidential campaign has started running a new TV ad in Michigan that simultaneously tries to pander to everyone. Earlier this year, while campaigning in the primaries, he told voters in Michigan and Ohio that "those (manufacturing) jobs aren't coming back." In that bygone era of ...

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    All Mercedes and VW clean diesels earn tax credit
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    Click above for a high-res gallery of the ML320 BLUETECWe already knew that purchasers of VW's new clean diesel-powered Jetta for 2009 would be eligible for a tax credit of $1,300, and now more models from Germany get the same treatment from the Internal Revenue Service. All Mercedes-Benz models ...

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    No $30K Chevy Volt without Congress' help
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    digg_url = 'http://digg.com/autos/No_30K_Chevy_Volt_w_o_Congress_Help_GM_Requests_Tax_Break'; Since the inception of the Chevy Volt program in 2006, GM's goal has been to offer the range extended electric vehicle for a sub-$30,000 price point. That level has always been seen as the threshold to ...

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