Can EVs Survive Without a Government Check or Tax Break? Not in Denmark
Despite the protestations of many members of the green car crowd, dollars and cents do seem to play a major role in the motivation to purchase an electric or plug-in hybrid vehicle. Right now, EV proponents and domestic automakers are worried the U.S. won’t renew the green car tax credit — a segment-boosting incentive that shaves thousands off the price of a new electric vehicle.
Some would argue if green car buyers are really devoted to the planet’s health, purchase price wouldn’t be an issue (assuming the buyer’s bank balance is sufficient). Individuals being what they are, motivations and circumstances will vary. Still, no one can argue that a tax credit doesn’t sweeten the pot, just as dealer incentives on the hood of a truck help move sluggish inventory.
In Denmark, however, lawmakers have discovered that once-steady sales of EVs will slow to a trickle when green vehicle buyers are treated like regular car buyers.
Ontario Controversy Adds More Fuel to the EV Incentive Debate
Two sides, two seemingly valid arguments. And in the middle, five $1.1 million cars.
Through the province’s Electric Vehicle Incentive Program, Ontario taxpayers helped lower the price of five Porsche 918 Spyders last year, according to Canada’s national broadcaster, leaving many wondering why their cash helped fund supercars for the ultra wealthy.
The program shaved just over $5,500 off the price of each $1.1 million hybrid Porsche — a limited edition model possessing 887 horsepower, with a top speed of 210 miles per hour.
One of those vehicles has since burned to the ground in a Toronto-area gas pump fire, which, for some, serves as a perfect metaphor for taxpayer-funded EV incentives.
City Officials Ready To Approve Incentives For Arlington Assembly Expansion Plan
City officials in Arlington, Texas will vote Tuesday evening to approve incentives for General Motors’ $1.2-billion expansion of Arlington Assembly.
Chevrolet Spark EV Sees Price Drop, Bonus Cash For Base Model
In the market for a 2015 Chevrolet Spark EV? Your wallet will still feel heavy after signing off on the paperwork for the base model.
Georgia Bill To Eliminate EV Credits Gains Traction
The bill that would kill EV incentives in Georgia has taken a step closer to being voted upon by the state’s legislature.
France Encouraging Diesel Drivers To Go Electric Via €10K Incentive
Starting in April, France will encourage diesel drivers to replace their oil burners with electric power through an incentive up to €10,000 ($11,422 USD).
Nevada Governor Signs Tesla Tax Package Into Law
A week after the announcement, and through two days of deliberation by the state legislature, Nevada governor Brian Sandoval signed into law September 11 the $1.25 billion tax package that won over Tesla enough to bring its Gigafactory to the Silver State.
Nevada Legislature Deliberates Tesla Tax Package In Special Session
Last week, Tesla and Nevada governor Brian Sandoval jointly announced the automaker would be bringing its Gigafactory to Reno. Now, it’s up to both houses of the state’s legislature to pull it all together with a $1.3 billion tax break.
Sandoval, Musk Announce Tesla Gigafactory To Be Built In Nevada
It’s official: Tesla will build its Gigafactory in Nevada pending legislative approval.