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In a similar vein, as new car prices are averaging $49,619—29% more expensive than they were pre-COVID-19—automakers are also offering cash-back deals with an effective discount on the sticker ...
The main federal incentive for consumers to purchase fuel efficient vehicles is to give tax credits. States also have their own incentive programs to further incentivize fuel efficient vehicles in their own states. These incentives range from more tax credits, to discounts on insurance, to price reductions on car registration fee's.
There’s not much in the way of cash incentives from Honda right now, but with the average auto loan interest rates across all credit profiles ranging from 5.64% to 14.78% for new cars, per ...
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State incentives for plug-in electric vehicles [54] State Amount of incentive Type of PEV/vehicle Type of incentive Carpool lane access Comments Arizona: BEVs: Lower vehicle licensing tax: Yes: Eligibility for PHEVs depends on the extent to which the vehicle is powered by electricity. Maximum of $75 available to individuals for installation of ...
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 ...
The mileage for dual-fuel vehicles, such as E85 capable models and plug-in hybrid electric vehicles, is computed as the average of its alternative fuel rating—divided by 0.15 (equal to multiplying by 6.666)—and its gasoline rating. Thus an E85-capable vehicle that gets 15 mpg on E-85 and 25 mpg on gasoline might logically be rated at 20 mpg.
The Automobile Information Disclosure Act of 1958, 15 U.S.C. §§ 1231–1233, was passed in June 1958 by Congress and took effect in January 1959. It was sponsored by Oklahoma Senator Mike Monroney, after whom the resulting "Monroney sticker" was named.