EV credits
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Panasonic says it may not have the juice for the Model Y crossover, Aston Martin tracks the Rapide E, and Illinois looks to tax EV drivers.
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Tesla Battery Swapping: Useful Service Or Minimal Effort For Extra Income?
Tesla Motors has been opening its Supercharger DC fast-charging stations at a dizzying pace lately, with 175 U.S. sites operating, and almost two dozen more either in construction or permitted. Globally that total is almost 400 sites, which likely represents more than 2,000 separate outlets. But...
John Voelcker -
Tesla Makes Money On Model S: $35K Per Car Selling ZEV Credits?
Tomorrow at 5 pm Eastern, Tesla will hold what may be its most eagerly awaited conference call to date. The Silicon Valley startup automaker will discuss its first-quarter financial results--which will give the first clue to its financial viability as an operating automaker. But Tesla Motors...
John Voelcker -
Why Low, Zero Emission Automakers Win With New Gas Mileage Rules
On Tuesday this week, U.S. Transportation Secretary Ray La Hood and EPA Administrator Lisa Jackson announced new gas mileage targets that will require the average fuel economy of all new cars and light-duty trucks sold in the U.S. to reach 54.5 mpg by 2025. We’ve already covered what the new...
Nikki Gordon-Bloomfield -
How To Make Money On Electric Cars: Sell Green Credits (To Other Carmakers)
Most brand-new auto technologies are, at best, a breakeven proposition in their early years. Toyota is thought to have lost money on every Prius hybrid it sold for several years, until its sales rose enough to gain economies of scale. Makers of plug-in electric cars may be losing money on each one...
John Voelcker -
Obama 2012 Budget Proposes Higher Tax Credit For Plug-In Cars
Two days ago, President Barack Obama released his proposed U.S. government budget for the fiscal year starting in October. And in it, he followed through on a promise from his State of the Union address last month, by proposing to cut up to $4 billion in subsidies to the oil and gas industry. The...
John Voelcker -
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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Charging Station Incentives Sneak Into Tax Cut Extension Bill
As recently as last week, it became apparent that the current federal 50 percent incentive towards the cost of installing an electric car charging station would expire on the 31st December this year. This would be particularly bad news to the vast majority of upcoming EV owners, many of whom...
Antony Ingram -
The New Black Market: Buying And Selling EV Credits
It appears selling cars isn’t the only way for electric vehicle manufactures to earn a buck. Thanks to California’s Zero Emission Vehicle program, some manufacturers, such as Tesla, are earning additional cash by selling their unused pollution credits. The California Air Resources Board (CARB)...
Viknesh Vijayenthiran