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The Energy Independence and Security Act of 2007 expanded these incentives to include emerging electric vehicle, and plug in hybrid, technology. [4] The Energy Improvement and Extension Act of 2008 only acted to push back tax credit-claiming deadlines and include more electric vehicles in existing incentive programs. [ 4 ]
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Also, incentives were issued for "greening" 525 taxis, aimed to introduce 325 plug-in vehicles (275 plug-in hybrids and 50 all-electrics) and 200 conventional hybrids. The purchase incentives start at CA$20,000 for battery-electric taxis, CA$12,000 for plug-in hybrids, and CA$3,000 for
The U.S. offers a federal income tax credit up to US$7,500, [232] and several states have additional incentives. [233] The UK offers a Plug-in Car Grant up to a maximum of £5,000 ( US$7,600 ). [ 234 ] [ 235 ] As of April 2011, 15 of the 27 European Union member states provide tax incentives for electrically chargeable vehicles, which includes ...
According to the New York Times, BMW and Nissan are among the companies whose dealers tend to be more enthusiastic and informed, but only about 10% of dealers are knowledgeable on the new technology. [180] Car dealerships can play a role in the sales of plug-in electric vehicles. Shown is a Chevrolet dealership exhibiting first-generation Volts.
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