Another US state adds electric bike subsidy, this time with up to $1,700 rebate
Electric bicycles are quickly proving to be one of the best ways to get drivers out of cars while still providing fast, efficient personal transportation. And rebate programs that help reduce the cost of expensive e-bikes are now making them more affordable than ever before.
Expand Expanding CloseEU and US discussing an exemption that would include EVs from European members in US tax credits
The European Union has asked the United States to include EVs, batteries, and other sustainable products sold on US soil in federal tax credits, similar to benefits it currently offers its North American neighbors. According to a recent report, the US and EU are in discussions about what’s possible.
Expand Expanding CloseThese countries pay people to ride bicycles and e-bikes to work. Shouldn’t the US too?
It may sound foreign to Americans, but being paid to cycle to work on a pedal bicycle or electric bike is common in many countries.
Expand Expanding CloseShould the US have a gas-guzzler tax? Germany makes plans for one
Germany last week doubled its consumer subsidies of electric vehicles that cost up to €40,000. But a more powerful measure is in the works to help Germans transition to fuel-efficient vehicles: a high tax on vehicles that get less than about 28 miles per gallon.
Tesla Model 3 to be $5k cheaper in New Jersey with new incentive; Turnpike getting electrified
Legislation in New Jersey passed critical committee votes today, making it likely to become law this week. It will make New Jersey one of the most generous states for EVs, as well as improve EV infrastructure for the millions of Americans who drive through the state.
Georgia Republicans propose $2,500 state tax credit for electric vehicles
A Republican-backed bill introduced in Georgia’s House of Representatives would reinstate a $2,500 state tax credit for the purchase or lease of new electric, zero emission, and plug-in hybrid electric vehicles.
Virginians will get 10% up to $3500 back on EV purchases if new law passes
Virginia lawmakers have put forward House Bill 469 which would allow for a 10% State tax refund on the purchase of an electric vehicle up to a $3500 maximum.
A new bipartisan effort to introduce a 30% Tax Credit (just like Solar Power) for energy storage
On May 26, 2016 – “U.S. Rep. Mike Honda (D-Silicon Valley, Calif.) introduced H.R. 5350, the bipartisan Energy Storage for Grid Resilience and Modernization Act. Honda was joined by Reps. Chris Gibson (R-NY), Tom Reed (R-NY) and Mark Takano (D-CA).” The purpose of the legislation is to clarify that energy storage industry receives a 30% tax credit equivalent in nature to what the Renewable Energy industry gets. The 30% Solar Power Tax Credit, is credited with being one of the major drivers for the solar power installation boom in the United States.
Tesla’s new Model 3 production plan will optimize access to the federal tax credit
Tesla announced a new Build Plan for the Model 3 this week. According to Tesla CEO Elon Musk, it could result in the company manufacturing as many as 100,000 to 200,000 Model 3 vehicles during the second half of 2017, and around 500,000 cars in 2018 (Model 3, S and X). It’s a direct response to the storm of Model 3 reservations, now over 400,000, that Tesla received since unveiling the vehicle just over a month ago.
The ambitious plan would not only result in reservation holders getting the car sooner, but also in more (a lot more) American reservation holders having access to the $7,500 federal tax credit for electric vehicles.
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Tesla confirms ‘increasing its production plans to minimize the wait for Model 3’
In an email sent out last night (see below), Tesla confirmed that following the overwhelming number of Model 3 reservations it received, the company is currently “increasing its production plans to minimize the wait for Model 3” – something Elon Musk hinted Tesla was looking into after witnessing the long lines of people waiting at Tesla’s stores to reserve the $35,000 long-range all-electric vehicle.
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New US budget deal includes retroactive tax credits for electric motorcycles purchased in 2015 and going forward in 2016
The new budget bill approved by the US Congress last week included an important extension to the 30% investment tax credit (ITC) for solar, but it also brought back the less popular (but welcomed) tax credits for electric motorcycles.
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Tesla Model X will potentially be eligible for $25,000 in tax deduction
The long-awaited Tesla Model X, which will launch on September 29th, could become a very popular vehicle with American business owners, not just because of its signature ‘Falcon Wing’ doors or the ‘sculptural beauty‘ of its second row seats, but because it could actually be a great bargain despite of its $80,000 starting price.
Beyond the $7,500 federal tax credit offer at the purchase of electric vehicles and other tax incentives at the state level, the Model X’s weight and capacity could make it eligible to the $25,000 tax deduction for heavy vehicles under Section 179, also known as the ‘Hummer Tax Loophole’…
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