US tax credit incentives for alternative fuel vehicles
From DDL Wiki
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=== Hybrid Motor Vehicle Credit === | === Hybrid Motor Vehicle Credit === | ||
| - | + | This 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 sets up tax credit for consumers who purchase qualified EV’s. It used to reimburse the buyer 10% of what they paid for the vehicle cost up to $4000. This year , 2006, the credit was reduced by 75% and will expire next year | |
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=== Biodiesel and Ethanol Tax Credit (2005-2010) === | === Biodiesel and Ethanol Tax Credit (2005-2010) === | ||
| - | + | Another tax incentive for the fuels biodiesel and ethanol. Blenders and retailers are credited $0.51 per gallon of pure ethanol and $0.0051 per % points of blended ethanol (ex - E10: $0.051/gal, E85: $0.4335/gal). Producers are credited $0.51 per gallon ethanol that has greater than 190 proof, $1 per gallon of agri-biodiesel fuel, and $0.51 per waste-grease biodiesel fuel. Producers also get $0.0051 for each % point ethanol, $0.01 per % point agri-biodiesel $0.005 per % waste-grease biodiesel | |
| - | + | in mixed fuels. | |
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== References == | == References == | ||
| - | [http://www.eere.energy.gov/afdc/laws/incen_laws.html U.S. Department of Energy - State & Federal Incentives & Laws] | + | [1] [http://www.eere.energy.gov/afdc/laws/incen_laws.html U.S. Department of Energy - State & Federal Incentives & Laws] |
Revision as of 11:11, 5 December 2006
Contents |
Hybrid Motor Vehicle Credit
This 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 sets up tax credit for consumers who purchase qualified EV’s. It used to reimburse the buyer 10% of what they paid for the vehicle cost up to $4000. This year , 2006, the credit was reduced by 75% and will expire next year
Biodiesel and Ethanol Tax Credit (2005-2010)
Another tax incentive for the fuels biodiesel and ethanol. Blenders and retailers are credited $0.51 per gallon of pure ethanol and $0.0051 per % points of blended ethanol (ex - E10: $0.051/gal, E85: $0.4335/gal). Producers are credited $0.51 per gallon ethanol that has greater than 190 proof, $1 per gallon of agri-biodiesel fuel, and $0.51 per waste-grease biodiesel fuel. Producers also get $0.0051 for each % point ethanol, $0.01 per % point agri-biodiesel $0.005 per % waste-grease biodiesel in mixed fuels.
References
[1] U.S. Department of Energy - State & Federal Incentives & Laws
