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In addition to state and federal tax credits, the Tesla Model X may be eligible for up to a $25,000 tax deduction known as the “Hummer Tax Loophole.” It falls under IRS Section 179, but was given its nickname after many companies used it to deduct the purchase of large SUVs – gas-guzzling SUVs, and so […]

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More regions have recently reduced government-financed incentive programs for electric vehicles to save money, but many of these same areas are already paying far more to support the oil and gas industry. As much as $5.3 trillion is spent annually worldwide to subsidize fossil fuels, according to a new report from the International Monetary Fund. […]

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As part of a countrywide initiative to promote more fuel-efficient transportation, China announced that it will stop charging annual taxes for some low- and zero-emission vehicles. The fee is part of China’s 2012 Vehicle and Vessel Tax (VVT). In addition to taxes for motorcycles, ships and commercial vehicles, the measure set an annual charge for […]

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After Georgia officials removed a tax credit for zero emission vehicles, replacing it with a road-use fee and a luxury car tax break, some residents said they are considering a lawsuit. Previously, Georgia had presented itself as one of the bigger supporters of zero emissions vehicles (ZEVs), offering residents a $5,000 tax credit for qualifying […]

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As part of the Obama administration’s proposed budget, the White House is revisiting and expanding upon the notion of changing a consumer tax credit to point-of-sale rebate for qualifying alternative-energy vehicle purchases. The proposal would include not just plug-in hybrids and all-electric cars, but will ask for consideration for other advanced-tech cars, including natural gas […]

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