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The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [1] [2] Vehicles purchased after December 31, 2010 are not eligible for this credit.
The incentives include direct subsidies for the acquisition of new electric cars for up to 25% of the purchase price, before tax, to a maximum of €6,000 per vehicle (US$8,600), and 25% of the gross purchase price of other electric vehicles such as buses and vans, with a maximum of €15,000 or €30,000, depending on the range and type of ...
Understanding federal tax credits is not an easy feat, especially when it comes to ever-evolving laws around tax credits for electric cars. If you bought an EV (or are thinking of buying one) in ...
Federal Highway Administration official says $40 million program would fund connected vehicle technology as one way to reduce crash deaths.
Some of the projects that LPO has financed include $2.5 billion for lithium-ion battery production in Rust Belt states, $362 million to improve vehicle wiring for E.V.s and other cars, and up to ...
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...