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Incentives may also vary based on how well the car in question performs in these “green” categories. [8] For example, the buyer of a Tesla Roadster, a fully electric vehicle, will receive a much larger tax credit than the buyer of a standard hybrid, which will pollute much more during its lifespan. [9]
As Cox subsidiary Kelley Blue Book noted, the U.S. federal government offers qualified buyers electric car incentives of up to $7,500 for select new fully electric, plug-in hybrid, and fuel-cell ...
A database that lists the incentives, laws, and regulations state by state can be found on the U.S. Department of Energy's Alternative Fuels and Advanced Vehicle Data Center's website. The website provides the various laws as well as the statute numbers of the legislation that made the laws active.
President Barack Obama behind the wheel of a new Chevrolet Volt during his tour of the General Motors Auto Plant in Hamtramck, Michigan in 2010. In his 2011 State of the Union address, President Barack Obama set the goal for the U.S. to become the first country to have one million electric vehicles on the road by 2015. [20]
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As a result of the government support and new incentives issued in 2014, production of new energy vehicles between January and August reached 31,137 units, up 328% from the same period of 2013. Domestic production during the first eight months of 2014 includes 6,621 plug-in hybrid sedans and 16,276 all-electric cars. [15]
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 ...