tax
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During the first half of 2010, nearly 13,000 U.S. taxpayers wrongly claimed a staggering $33 million under the electric tax credit incentive scheme, a Treasury Department inspector general report has revealed. The credits, designed to encourage the uptake of plug-in hybrid and electric-only vehicles under the American Clean Energy and Security Act of 2009, rewards taxpayers who purchased a qualifying vehicle during the year with a $7,500 federal tax rebate cheque. Hummers, Cadillacs, Dodges: Are they Electric? Among the claimants filing for the $7,500 credit were owners trying to claim the...
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To Boost Gas-Free Car Sales, Make $7,500 Tax Credit a Rebate
Speakers throughout today's Electric Drive Transportation Association conference agree: Plug-in electric cars that use little or no gasoline are coming. It's no longer an "if", it's now a "when." To help boost early adoption of cars that run mostly or entirely on grid power, the Federal government...
John Voelcker -
Get a Free Electric Car from Drive Electric
A headline like the one above begs the question, "What's the catch?" Can you really get an electric car for free? Well, kinda. Oklahoma-based, Drive Electric, sells neighborhood electric vehicles (NEVs - a.k.a. electric golf carts) made by Western Golf Cars and Zone Electric. The NEV retailer is...
Robert Scardino -
UPDATE: Senate, House Agree On Cash-For-Clunkers Terms
Late Tuesday night, we reported that the House had passed a bill by Rep. Betty Sutton (D-OH) to institute a "Cash for Clunkers" tax credit scheme. Now the Detroit News and other sources report that, just two days later, it appears the Senate and House have agreed to include $1 billion to fund the...
John Voelcker -
Should Higher Gas Mileage Come With Higher Gas Taxes Too?
We do a mix of articles here at GreenCarReports, writing both about cars--green, and occasionally not so green--and some of the broader automotive issues that affect our environment. We were struck by an article last week from The Hill, which covers DC politics as obsessively as we cover...
John Voelcker