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Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]
Are there mileage deductions for electric or hybrid vehicles? The standard mileage rate is 67 cents per mile for business purposes, 21 cents per mile for medical or moving purposes and 14 cents ...
The rates apply to fully electric and hybrid automobiles, as well as gasoline and diesel-powered vehicles. ... Self-employed individuals can claim business mileage on a tax return. Those filing ...
A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...
The exemption from the registration tax ended on January 1, 2014, and thereafter, all-electric vehicles pay a 4% registration fee and plug-in hybrids a 7% fee. [137] In addition, the national government offers through the Ministry of Infrastructure and the Environment a €3,000 subsidy on the purchase of all-electric taxis or delivery vans.
Oct. 10—The increasing popularity of hybrid and electric vehicles is shrinking revenue from gas taxes, prompting more states to consider charging fees based on miles driven to help pay for roads ...
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