OVERKILL
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Originally Posted By: JOD
Originally Posted By: KrisZ
Of course I am biased. When my tax money goes to support electric cars and hybrids I will be biased.
How are your tax dollars going to support the Prius C?
See:
Quote:
Canada
Residents in Ontario[1] (until July 1, 2010 when the HST takes effect, ending the previous PST rebate) and Quebec,[2] Canada can claim a rebate on the Provincial Retail Sales Tax of up to CAD 2,000 on the purchase or lease of a hybrid vehicle, and Federal Transport Canada can claim a rebate of CAD 1,500.[3]
[edit]United States
Main article: Government incentives for fuel efficient vehicles in the United States
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005.[4][5] Vehicles purchased after December 31, 2010 are not eligible for this credit.[4][5] The law limited the tax credits to the first 60,000 eligible vehicles per carmaker, meaning that credits for popular models will be phase out before the tax break's scheduled expiration date. Note these are credits — dollar for dollar tax savings — not merely deductions. The tax credit is to be phased out two calendar quarters after the manufacturer reaches 60,000 new cars sold in the following manner: it will be reduced to 50% if delivered in either the third or fourth quarter after the threshold is reached, to 25% in the fifth and sixth quarters, and 0% thereafter.[4][6] The Internal Revenue Service is responsible for certifying that certain passenger autos and light trucks qualify for the credit and the amount of the credit.
and:
Quote:
Canada
Ontario established a rebate between CAD 5,000 (4 kWh battery) to CAD 8,500 (17 kWh or more) (~US$5,050 to US$8,650), depending on battery size, for purchasing or leasing a new plug-in electric vehicle after July 1, 2010. The rebates will be available to the first 10,000 applicants who qualify.[1][2] The province will also introduce green-coloured licence plates for exclusive use of plug-in hybrids and battery electric vehicles.[1][3][4] These unique green vehicle plates will allow PEV owners to travel in the province's carpool lanes until 2015 regardless of the number of passengers in the vehicle. Also, owners are eligible to use recharging stations at GO Transit and other provincially-owned parking lots.[1][4]
Quebec will offer rebates of up to CAD 8,500 (US$8,650) beginning on January 1, 2012, for the purchase of new plug-in electric vehicles equipped with a minimum of 4 kWh battery, and new hybrid electric vehicles are eligible for a CAD 1,000 rebate. All-electric vehicles with high-capacity battery packs will be eligible for the full C$8,000 rebate, and incentives are reduced for low-range electric cars and plug-in hybrids. Quebec's government earmarked CAD 50 million (US$52.3 million) for the program, and the maximum rebate amount is slowly reduced every year until a maximum of CAD 3,000 in 2015, but the rebates will continue until the fund runs out. There is also a ceiling for the maximum number of eligible vehicles: 10,000 for all-electric vehicles and plug-in hybrids, and 5,000 for conventional hybrids.[5][6]
The Government of British Columbia announced the LiveSmart BC program which will start offering rebates of up to CAD 5,000 per eligible clean energy vehicle commencing on December 1, 2011. The incentives will be available until March 31, 2013 or until available funding is depleted, whichever comes first. Available funds are enough to provide incentives for approximately 1,370 vehicles. Battery electric vehicles, fuel cell vehicles and plug-in hybrids with battery capacity of 15.0 kWh and above are eligible for a CAD 5,000 incentive. Also effective December 1, 2011, rebates of up to CAD 500 per qualifying electric vehicle charging equipment will be available to B.C. residents who have purchased a clean energy vehicle.
Quote:
United States
New plug-in electric vehicles
As defined by the 2009 ACES Act, a PEV is a vehicle which draws propulsion energy from a traction battery with at least 4 kwh of capacity and uses an offboard source of energy to recharge such battery.[57] The tax credit for new plug-in electric vehicles is worth $2,500 plus $417 for each kilowatt-hour of battery capacity over 4 kwh, and the portion of the credit determined by battery capacity cannot exceed $5,000. Therefore, the total amount of the credit allowed for a new PEV is $7,500.[57]
The new qualified plug-in electric vehicle credit phases out for a PEV manufacturer over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles from that manufacturer have been sold for use in the United States. For this purpose cumulative sales are accounted after December 31, 2009. Qualifying PEVs are eligible for 50% of the credit if acquired in the first two quarters of the phase-out period, and 25% of the credit if bought in the third or fourth quarter of the phase-out period.[57] Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit.[59] The Toyota Prius Plug-in Hybrid, scheduled for 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh.
Originally Posted By: KrisZ
Of course I am biased. When my tax money goes to support electric cars and hybrids I will be biased.
How are your tax dollars going to support the Prius C?
See:
Quote:
Canada
Residents in Ontario[1] (until July 1, 2010 when the HST takes effect, ending the previous PST rebate) and Quebec,[2] Canada can claim a rebate on the Provincial Retail Sales Tax of up to CAD 2,000 on the purchase or lease of a hybrid vehicle, and Federal Transport Canada can claim a rebate of CAD 1,500.[3]
[edit]United States
Main article: Government incentives for fuel efficient vehicles in the United States
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005.[4][5] Vehicles purchased after December 31, 2010 are not eligible for this credit.[4][5] The law limited the tax credits to the first 60,000 eligible vehicles per carmaker, meaning that credits for popular models will be phase out before the tax break's scheduled expiration date. Note these are credits — dollar for dollar tax savings — not merely deductions. The tax credit is to be phased out two calendar quarters after the manufacturer reaches 60,000 new cars sold in the following manner: it will be reduced to 50% if delivered in either the third or fourth quarter after the threshold is reached, to 25% in the fifth and sixth quarters, and 0% thereafter.[4][6] The Internal Revenue Service is responsible for certifying that certain passenger autos and light trucks qualify for the credit and the amount of the credit.
and:
Quote:
Canada
Ontario established a rebate between CAD 5,000 (4 kWh battery) to CAD 8,500 (17 kWh or more) (~US$5,050 to US$8,650), depending on battery size, for purchasing or leasing a new plug-in electric vehicle after July 1, 2010. The rebates will be available to the first 10,000 applicants who qualify.[1][2] The province will also introduce green-coloured licence plates for exclusive use of plug-in hybrids and battery electric vehicles.[1][3][4] These unique green vehicle plates will allow PEV owners to travel in the province's carpool lanes until 2015 regardless of the number of passengers in the vehicle. Also, owners are eligible to use recharging stations at GO Transit and other provincially-owned parking lots.[1][4]
Quebec will offer rebates of up to CAD 8,500 (US$8,650) beginning on January 1, 2012, for the purchase of new plug-in electric vehicles equipped with a minimum of 4 kWh battery, and new hybrid electric vehicles are eligible for a CAD 1,000 rebate. All-electric vehicles with high-capacity battery packs will be eligible for the full C$8,000 rebate, and incentives are reduced for low-range electric cars and plug-in hybrids. Quebec's government earmarked CAD 50 million (US$52.3 million) for the program, and the maximum rebate amount is slowly reduced every year until a maximum of CAD 3,000 in 2015, but the rebates will continue until the fund runs out. There is also a ceiling for the maximum number of eligible vehicles: 10,000 for all-electric vehicles and plug-in hybrids, and 5,000 for conventional hybrids.[5][6]
The Government of British Columbia announced the LiveSmart BC program which will start offering rebates of up to CAD 5,000 per eligible clean energy vehicle commencing on December 1, 2011. The incentives will be available until March 31, 2013 or until available funding is depleted, whichever comes first. Available funds are enough to provide incentives for approximately 1,370 vehicles. Battery electric vehicles, fuel cell vehicles and plug-in hybrids with battery capacity of 15.0 kWh and above are eligible for a CAD 5,000 incentive. Also effective December 1, 2011, rebates of up to CAD 500 per qualifying electric vehicle charging equipment will be available to B.C. residents who have purchased a clean energy vehicle.
Quote:
United States
New plug-in electric vehicles
As defined by the 2009 ACES Act, a PEV is a vehicle which draws propulsion energy from a traction battery with at least 4 kwh of capacity and uses an offboard source of energy to recharge such battery.[57] The tax credit for new plug-in electric vehicles is worth $2,500 plus $417 for each kilowatt-hour of battery capacity over 4 kwh, and the portion of the credit determined by battery capacity cannot exceed $5,000. Therefore, the total amount of the credit allowed for a new PEV is $7,500.[57]
The new qualified plug-in electric vehicle credit phases out for a PEV manufacturer over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles from that manufacturer have been sold for use in the United States. For this purpose cumulative sales are accounted after December 31, 2009. Qualifying PEVs are eligible for 50% of the credit if acquired in the first two quarters of the phase-out period, and 25% of the credit if bought in the third or fourth quarter of the phase-out period.[57] Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit.[59] The Toyota Prius Plug-in Hybrid, scheduled for 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh.
