Bipartisan Group of US Lawmakers Introduce Extension of Electric Vehicle Tax Credit

electric vehicle tax credit

Electric vehicles got a nice jolt on Wednesday as a bipartisan group of US lawmakers introduced a bill to update and extend the federal electric vehicle tax credit. The way the law is written now, electric vehicle buyers get a tax credit of $7,500 but that deduction phases out once a carmaker sells 200,000 of them. Under the new bill, those … [Read more...]

Are you eligible for a manufacturing tax credit?

By Elisa Wood September 10, 2009 The United States has been generous with tax credits for energy production. But until now, it’s been somewhat miserly about giving breaks to those who make the equipment that makes the energy – or saves it. That’s changed with creation of the Advanced Energy Manufacturing Credit (MTC), part of the federal … [Read more...]