Establishing a plug-in vehicle tax credit in North Carolina would boost the state’s GDP by $52 million over the next 16 years, while reducing the impact of fluctuating gasoline prices, says a new study. The study, “Impact of Introducing an Electric Vehicle Rebate on the North Carolina State Economy,” was published by Keybridge Research, and… Read more »
Search Results Found For: "EV tax credit"
BMW’s X5 xDrive40e spearheads its plan to offer PHEVs in every market segment
BMW has taken a bold approach to electrification. It began test-marketing EVs in 2012 with the Active E and Mini E, and escalated to full-scale production in 2013 with the i3 EV and i8 plug-in super-sports car, which together passed the milestone of 50,000 worldwide sales in January. BMW deserves a lot of credit for… Read more »
A dealership perspective: How we can sell millions of EVs
Sales of EVs and PHEVs are growing at what seems like an impressive pace, but are still tiny in relation to the larger auto market. Total new vehicle sales reached an all-time high of over 17 million in 2015, but plug-in sales just cracked the one-percent mark in Europe, and are still well under one… Read more »
Will federal tax credits still be around by the time you get your Model 3?
(Updated 4/5/16 11:00am EST to include link to IRS code and information suggesting how Tesla could maximize available tax credits.) Tesla’s mission has always been to bring EVs to the mass market, and the culmination of the company’s grand strategy is the Model 3, unveiled last week at a price of $35,000. Auto market analysts tell… Read more »
6 EV infrastructure lessons we can learn from Norway
“When you get off the plane in Oslo, Norway, it is like entering fairytale land for people in the EV industry,” says Rami Syväri of charging network operator Fortum. Thanks to hefty government incentives – including zero import taxes, charging incentives and bus lane access – Norway has quickly catapulted its EV market from early-adopter… Read more »
Hyundai joins the plug-in club with the 2016 Sonata PHEV
Around the world, automakers are facing ever-tightening emissions regulations, and they understand very well that improving the efficiency of their internal-combustion engines isn’t going to be enough to bring them into compliance. Each OEM has crafted its own strategy to reduce the average emissions of its fleet. Hyundai has opted for an “all-in strategy,” developing… Read more »
EV Fleet CEO on building a highway-capable light-duty all-electric truck
There are a lot of great opportunities for companies building EVs for niche markets, but getting an independent automotive startup off the ground is anything but easy. EVs can be very practical from a financial point of view. So it’s a bit of a shame that for the world’s most practical vehicle buyer – the… Read more »
EV subsidies pit economists against environmentalists
Most of the world’s wealthy nations, as well as many state and local governments, offer some type of subsidy for buyers of plug-in vehicles, often in the form of a tax credit. At least a couple of studies have found that these subsidies are effective in terms of increasing EV sales and reducing emissions. But… Read more »
Federal transportation bill includes a few EV goodies
Uncle Santa left a few small presents under the tree for EV advocates this year, in the form of provisions included in a federal transportation bill that was approved earlier this month. The Fixing America’s Surface Transportation Act (FAST), signed into law by President Obama, authorizes a vast array of highway and public transportation projects,… Read more »
Hyundai Sonata PHEV hits the showrooms
The Koreans are plugging in. The 2016 Hyundai Sonata PHEV, which made its debut at January’s Detroit auto show, arrives at “select dealerships” this week. The Sonata’s cousin, the Kia Optima, is also expected to appear in a plug-in version in the second half of 2016. The Korea Herald recently reported that Hyundai plans to… Read more »