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Posts Tagged ‘battery car incentives’

Congress Lets Battery Vehicle Tax Credits Expire

Lack of action could impact future battery vehicle sales.

by on Dec.31, 2013

The failure to pass tax breaks, including one for electric vehicle chargers, could cause the battery car business to come unplugged, warn advocates.

The action – or more accurately, the lack of action – by Congress has been blamed for many things this past, gridlocked year.  To the list add the potential for the electric vehicle market to come unplugged.

Lawmakers have headed home for the New Year’s break allowing a package of 55 generally popular tax breaks expire, an issue that creates potential headaches and added costs for those who drink imported rum, those who use mass transit – as well as the railroads trying to maintain their rights of way – film producers, companies investing in R&D, and even teachers who buy supplies for their classrooms. Also affected are those interested in purchasing electric vehicles.

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While the tax credits for buying a battery car remain in effect, two other government incentives will expire at midnight: one providing a 30% tax credit for the purchase of a high-speed electric vehicle charger, up to $1,000.  The other covers 10% of the cost, up to $2,500, for the purchase of an electric motorcycle.

“It’s shameful” for Congress to head home without acting on the tax breaks, lamented Georgia’s Congressman John Lewis, a senior Democrat on the House Ways and Means Committee, which oversees tax laws.

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Washington State Duns Battery Car Buyers

Adds registration fee to cover lost gas taxes.

by on Jan.04, 2013

An EV owner prepares to plug in. Washington lawmakers want to replace the lost gas taxes.

Buy a qualifying battery-electric vehicle and you’ll be up for a $7,500 federal tax credit.  You’ll also be in line for additional incentives from California, Colorado and nearly a dozen other states and local communities.

If anything, the Obama Administration and several other states would like to add even more incentives aimed at convincing skeptical motorists to trade in conventional, gas-powered vehicles for highly efficient electric vehicles.

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But don’t put Washington State on that list.  Despite progressive policies on a number of other environmental issues, Washington has enacted a new $100 surcharge on pure battery-electric vehicles – think Nissan Leaf and Ford Focus Electric, but not the Chevrolet Volt or Fisker Karma.

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California Likely to Dominate Battery Car Market, Says New Study

Texas, NY and Florida also expected to bring strong demand.

by on Feb.14, 2011

That driveway where the Nissan Leaf is parked is likely to be in California, says a new study.

While General Motors may be ready to move up the 50-state rollout of its new Chevrolet Volt plug-in hybrid, a new study suggests that California and a handful of other states will dominate demand for battery cars.

In 2015, demand for advanced propulsion vehicles – which includes plug-ins, pure battery-electric vehicles, or BEVs, as well hydrogen-powered fuel-cell vehicles – will reach nearly 35,000 a year in California, about as much as the next five states combined, forecasts the Center for Automotive Research, in Ann Arbor, Michigan.

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By that point, there will be an estimated 112,328 of these advanced propulsion vehicles registered in California, compared to 25,746 in Texas, the state projected to have the second-highest demand.

That’s no surprise considering the Golden State is already home to more hybrids, such as the Toyota Prius and Ford Escape Hybrid, than anyplace else.  There are currently 50 hybrids for every 10,000 California residents, about twice as many as any other state in the U.S.

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A Nissan Leaf for $12,000?

Extensive tax incentives could shave nearly 2/3 off sticker price.

by on Oct.25, 2010

Could you put a 2011 Nissan Leaf in your driveway for just $12,000?

Imagine getting a new 2011 Nissan Leaf for nearly two-thirds off the sticker price.  That very well could happen for some buyers of the battery-electric vehicle if they live and work in the right places.

Given the range of tax credits and other givebacks coming online, some Leaf customers could drive one home for barely $12,000.

Nissan has put a base of $32,780 on the BEV.  But that doesn’t take into account the $7,500 federal tax credit that will be offered on the 2011 Leaf (for the first 200,000 customers, anyway).

And it also ignores an array of state and local incentives, and even some incentives from green-minded employers, notes Mark Perry, the Nissan product planning chief overseeing the maker’s battery program.

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Washington State, for one, waves the sales tax for buyers. The State of Colorado, meanwhile, has approved a $6,000 credit of its own.  In fact, 13 states now have some form of financial incentives in place covering battery cars and other green, high-mileage models, including the 2011 Nissan Leaf.

In California, the credit is a smaller $5,000, but Leaf buyers also will get the coveted HOV decal that permits a motorist to drive in the freeway car pool lanes even with only one person onboard.

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