US tax credit incentives for alternative fuel vehicles
From DDL Wiki
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=== Hybrid Motor Vehicle Credit === | === Hybrid Motor Vehicle Credit === | ||
| - | + | * Provides tax credit for light duty hybrid vehicles based on improved fuel economy and fuel saving potential. | |
=== Electric Vehicle Tax Credit (1992-2007) === | === Electric Vehicle Tax Credit (1992-2007) === | ||
| - | + | * Energy Policy Act 1992: Tax credit for purchase of qualified EV’s. | |
| - | + | * 10% of vehicle cost up to $4000 | |
| - | + | * reduced by 75% in 2006, expires in 2007 | |
=== Biodiesel and Ethanol Tax Credit (2005-2010) === | === Biodiesel and Ethanol Tax Credit (2005-2010) === | ||
| - | + | * Tax incentive for these fuels. | |
| - | + | * Blenders and retailers | |
| - | + | * $0.51/ pure gal ethanol | |
| - | + | * $0.0051/ % points of blended ethanol (ex - E10: $0.051/gal, E85: $0.4335/gal) | |
| - | + | * Producers | |
| - | + | * $0.51/ gal ethanol @ >= 190 proof | |
| - | + | * $1/ gal agri-biodiesel | |
| - | + | * $0.51/ waste-grease biodiesel | |
| - | + | * mixed fuels | |
| - | + | * $0.0051/ % point ethanol | |
| - | + | * $0.01/ % point agri-biodiesel | |
| - | + | * $0.005/ % waste-grease biodiesel | |
== References == | == References == | ||
[http://www.eere.energy.gov/afdc/laws/incen_laws.html U.S. Department of Energy - State & Federal Incentives & Laws] | [http://www.eere.energy.gov/afdc/laws/incen_laws.html U.S. Department of Energy - State & Federal Incentives & Laws] | ||
Revision as of 03:34, 2 December 2006
Contents |
Hybrid Motor Vehicle Credit
- Provides tax credit for light duty hybrid vehicles based on improved fuel economy and fuel saving potential.
Electric Vehicle Tax Credit (1992-2007)
- Energy Policy Act 1992: Tax credit for purchase of qualified EV’s.
- 10% of vehicle cost up to $4000
- reduced by 75% in 2006, expires in 2007
Biodiesel and Ethanol Tax Credit (2005-2010)
- Tax incentive for these fuels.
* Blenders and retailers
* $0.51/ pure gal ethanol
* $0.0051/ % points of blended ethanol (ex - E10: $0.051/gal, E85: $0.4335/gal)
* Producers
* $0.51/ gal ethanol @ >= 190 proof
* $1/ gal agri-biodiesel
* $0.51/ waste-grease biodiesel
* mixed fuels
* $0.0051/ % point ethanol
* $0.01/ % point agri-biodiesel
* $0.005/ % waste-grease biodiesel
References
U.S. Department of Energy - State & Federal Incentives & Laws
