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In September 2021, Governor Kathy Hochul signed into law a bill requiring all new vehicles sold in the state to be zero-emission by 2035. [3] [4] In January 2022, the state government announced US$12 million to be spent on the state's electric vehicle tax rebate program, which offers rebates of up to $2,000 for each electric vehicle purchase. [5]
The program is aimed to promote the sale of 400,000 electric vehicles. The cost of the purchase incentive is shared equally between the government and automakers. Electric car buyers get a €4000 (US$4,520) discount while buyers of plug-in hybrid vehicles get a discount of €3000 (US$3,390).
The Act changes the Section 45V tax credit to offer increased percentages to green hydrogen and pink hydrogen producers for each kilogram produced via electrolysis of water, allowing 100 percent coverage for very low-carbon methods, thus potentially enabling more than $100 billion [68] [109] in forgone revenue to go toward building the hydrogen ...
Electric vehicles do cost much less on average. Drivers spend about $674 a year on charging their vehicles. However, they have to figure in the cost of a home charging station, which can range ...
An electric car isn’t the only passenger vehicle out there that generates zero tailpipe emissions. You've probably heard of fuel cell cars . They use hydrogen gas to make electricity to power a ...
The Mirai is still an electric car, driven by an electric motor, but its primary energy source is a hydrogen fuel cell. ... in the vehicle to power an electric motor. Much more energy is lost than ...
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