#TaxCredits
Report: Volkswagen Lobbied for More Tax Credits for Diesels
Volkswagen lobbied hard in 2011 to receive the same — or higher — clean vehicle credits as electric cars, the New York Times reported Wednesday.
“They wanted a special deal for diesel cars that we now know weren’t even meeting the standard,” Margo Oge, a former director of the E.P.A. Office of Transportation and Air Quality, told the New York Times.
The LA Times reported that roughly $51 million in credits was paid by taxpayers in 2009 for diesel cars that lied about mileage and emissions — essentially a cheap bar trick.
Nissan Leaf Sales Expected To Fall Steeply This Summer
Like the leaves in autumn, sales of the Nissan Leaf are falling amid a flurry of changes coming to the EV this summer.
WSJ To Tesla: Cast Aside Corporate Welfare To Improve Image
Despite its visions of having a valuation on par with Apple within a decade, Tesla’s subsistence on subsidies may be hard for some to swallow.
Georgia EV Supporters Prepare To Defend State Credit In 2015
EV supporters in Georgia are gearing up to save the state’s tax credit from the chopping block after nearly losing it earlier this year.
IRS Plug-In Vehicle Credit Cap Data Lacking Accuracy, Detail
In 2008, Congress passed a tax bill that would provide a credit of up to $7,500 for customers who purchase plug-in vehicles as a way to encourage adoption of cleaner vehicles. The credit would last in full for the first 200,000 units an automaker sold, then phased out over the course of 12 months.
The problem? The agency responsible for handling the credit, the Internal Revenue Service, has no clue as to where things stand as far as that cap is concerned, despite every automaker that sells a plug-in model reporting the figures every quarter, as required by law.
Study: Connecticut EV Dealer Incentive Program Could Improve Technology Adoption Rates
While most states and the United States government offer tax credits to consumers for purchasing an electric vehicle or plug-in hybrid, Connecticut instead offers dealers the incentive to sell EVs and PHEVs, a move research group Navigant Research claims could be more effective at bringing about greater adoption of the new technology.
Musk: Tesla Will Build Cars In China Within Next Few Years
Though Tesla is now just delivering new vehicles to China, CEO Elon Musk predicts his company will build luxury electric vehicles in the burgeoning market within the next three to four years.
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