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Posts Tagged ‘battery car subsidies’

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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Taxpayers Provided $135 mil Subsidy for Battery-Car Buyers in 2011

Treasury offers even more to manufacturers.

by on May.02, 2012

Battery cars like the Mitsubishi i ran up $135 million in federal subsidies to buyers last year.

The U.S. battery car market got off to a slow start last year.  From the standpoint of a deficit-ridden Treasury, that’s probably the good news.

A quick run of the calculator suggests that the federal government provided about $135 million in subsidies during 2011 for purchasers of vehicles like the Nissan Leaf and Chevrolet Volt.  And with sales likely to more than double this year, the hand-outs – in the form of federal tax credits – will also rise sharply.

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In all, American motorists purchased about 18,000 battery-electric vehicles, plug-in hybrids and extended-range electric vehicles, or E-REVs, in 2011, and according to Edmunds.com, that works out to approximately $135 million when you consider that most of those vehicles qualified for the maximum $7,500 in tax credits.  That figure does not include additional credits and rebates offered by more than a dozen states and some municipalities.

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White House Plans For 1 Million Plug-in Hybrids

“Sparking whole new industries,” proclaims VP Biden.

by on Jan.26, 2011

The White House wants to get 1 million plug-in hybrids - like this Chevy Volt - on the road.

Saying the administration hopes to “spark…whole new industries,” Vice President Joe Biden outlined the White House goal of getting 1 million plug-in hybrids on the road.

Since taking office in January 2009, President Barack Obama has expressed strong support for the nation’s nascent battery industry – the administration providing billions of dollars of financial assistance, in both grants and loans, to spur the development of advanced batteries and the vehicles that will put them on the road.

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The White House wants to nearly double federal subsidies to buyers, make it easy for customers to collect those payments, and then provide as much as $200 million in assistance to as many as 30 cities to put in place the infrastructure to support a growing fleet of battery cars.

The payoff will be felt not just by the environment but by a nation looking to create jobs, Vice President Biden suggested, during a tour of the New York-based lithium-ion battery manufacturer Ener1.

“We’re not just creating new jobs, but sparking whole new industries that will ensure our competitiveness for decades to come — industries like electric vehicle manufacturing,” said the Vice President.

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