Federal EV, PHEV Tax Incentive May Increase To $10K
February 4th, 2015 9:33 PM Share
Is the $7,500 federal tax incentive not enough to consider owning a new green machine? If President Obama has his way, that figure could climb to $10,000.
The Detroit News says the increased incentive for purchasing an EV or PHEV — part of Obama’s FY 2016 budget — is not only meant to make ownership of such vehicles more alluring, but would be applied as an immediate rebate at the time of purchase. The new incentive would also bring other green vehicles into the fold, such as CNG vehicles.
Other proposals in the budget include a three-fold increase in funding for the National Highway Traffic Safety Administration, and a one-time corporate foreign earnings tax to help fund road and other infrastructure projects over the next six years.
Published February 5th, 2015 8:00 AM
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By the way, anything that could lower the West's dependency on import oil from such volatile regions as the Arab states I consider a blessing. Alternative energy sources can help tremendously in this respect. Having your own shale oil may be considered a strategic reserve for the future then.
The US and US Government wants cheap energy. Now it's competing against itself because of cheap energy? Who's paying for this pathetic logic. Ah......the consumer.
Well if someone would offer me a six cylinder diesel plug in extended range in a CUV I would take it.Make it as light as possible and about the size drivers characteristics of my CX9 with 35mpg overall. Yes I would take it.
10k?? Why not just make the car free? It's for a good cause right. We have the money. Getting tired of this stuff. If this tech were so great then it should sell on its own. It's not so it doesn't. Other question : why so much silly focus on electric cars anyway? Wouldn't Natura gas vehicles make much more sense in the USA? Easy conversion from existing gas engines to NG, no environmentally terrible metals and chemicals, clean clean burning fuel instead of coal or nuclear power, fast fueling with existing infrastructure, and the USA has a ton of it. Just seems to me it would make far more sense and make a much bigger impact more quickly than pushing electric cars. My guess? Natural gas isn't "Sexy" like electric technology and so it's paid no attention. Am I wrong?