subsidy
Bigger Electric Car Subsidy Possible in 2013
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Things might get a lot sweeter in 2013 for folks considering a “new technology car,” as they’re being called at the White House. President Obama’s 2012 fiscal year budget apparently includes a provision for increasing the federal tax credit from $7,500 to a more substantial $10,000. The subsidy hasn’t been passed yet, but if it…
Electric Vehicle Tax Incentives Cut In 2012
The new year is rapidly approaching and with it a host of new vehicles begging to be driven are sitting in dealer lots waiting to wow shoppers. When it comes to new cars, those shoppers often expect more for less as new models hit the showroom, but that wont be the case for electric vehicles…
Toyota Cutting Domestic Production By 20% Starting In October
Anticipating a drop in demand, Toyota will begin cutting domestic output starting in October. The sluggish demand is being blamed on the end of a subsidy given out by the Japanese government for purchasing an environmentally friendly vehicle. While Toyota currently makes about 14,000 vehicles per day, output will fall to under 12,000 vehicles, but…
