The US government wants to abolish state subsidies for electric cars and renewable energies. US President Trump would like to eliminate state subsidies for electric cars immediately, but now, a new bill in Congress provides for an extension of tax rebates and an increase in the limit on the number of subsidized vehicles per manufacturer. Electric cars do not seem to be very popular with US President Donald Trump.
Trump had promised during the election campaign to bring back industrial jobs to the US and make America "strong again". Now he is confronted with the fact that GM wants to eliminate up to 15,000 jobs and close several plants.
The bill called "Driving America Forward Act" was introduced by senators of both parties, ie both Democrats and Republicans. Specifically, the bill plans to increase the current limit of 200,000 subsidized electric cars per manufacturer by an additional 400,000 vehicles. Tesla and GM have already exceeded the current limit of 200,000 subsidized electric cars. Since the beginning of the year, Tesla has only received half the tax credit. The funding expires on January 1 of next year. At GM, it will be halved for the first time on April 1 of this year and will end on April 1, 2020.
As of today, buyers of an electric car or a plug-in hybrid vehicle, receive a tax credit: entitled are vehicles with a battery capacity of more than 5-kilowatt hours. There are 2,500 US dollars. For each additional kilowatt hour, the credit increases by 471 US dollars. The maximum is $ 7,500.
The bill also provides for subsidies for fuel cell vehicles to be extended until 2028. How big the chances are, that he will become law, is currently difficult to estimate. However, stock prices of Tesla and GM have already increased in response to the publication of the draft.
The White House, meanwhile, suggested just last month to completely cancel the tax credit for e-cars. A move that, according to the US government, would result in savings of $ 2.5 billion within a decade.
Volvo Trucks introduced its first fully electric truck for commercial use. The truck is called FL Electric and is intended for use by urban services, in particular in the field of waste disposal, local delivery of goods and… Continue reading
Yamaha has been producing electric bicycles since 1993 and has already sold more than two million of them, and also produced more than four million electric bikes. The newest addition, Wabash Adventure Gravel does not look different from the… Continue reading
Kia has steadily expanded its range of hybrid and electric vehicles over the past few years and today is one of the world's leading suppliers of electrified electric vehicles. Kia starts selling the updated versions of the Niro Hybrid and the Niro Plug-in… Continue reading
Hyundai presents the new version of its Sonata Hybrid, which will receive two new features: a solar roof will be installed and the new Active Shift Control (ASC) transmission technology. The Sonata Hybrid sedan is powered by a… Continue reading
