Clean Fuel Vehicle essay example
179 A. Electric Vehicle Tax Credit. A tax credit for the purchase of qualified EVs and hybrid electric vehicles (Evs) is provided under EPAct Public Law-102-486, . The size of the credit is 10% of the cost of the vehicle, up to a maximum credit of $4,000. Beginning in 2001, the size of the credit is reduced by 25% per year until the credit is fully phased out. To qualify for the credit, the vehicle must be powered primarily by an electric motor. Clean Cities Program DOE's Clean Cities Program coordinates voluntary efforts between locally based government and industry to accelerate the use of alternative fuels and expand AFV refueling infrastructure.
Federal Incentives EPAct establishes an incentive program for the purchase of AFVs and conversion of conventional gasoline vehicles to alternative fuels. Through federal tax incentives, companies and private individuals can offset a portion of the incremental costs associated with the purchase or conversion of an AFV. Clean Air Act Amendments of 1990 The Clean Air Act (CAA) was passed in 1970 to improve air quality nationwide. Congress amended the law in 1990, passing the Clean Air Act Amendments of 1990 (C ) and thus creating several initiatives to reinforce one of the original goals of the CAA to reduce mobile source pollutants. C sets emissions standards for stationary and mobile sources. The C establishes targets, standards, and procedures for reducing human and environmental exposure to a range of pollutants generated by industry and transportation.
Ford Motor Company is offering a $2,000 incentive on its dedicated F-Series NGV's and dedicated and bi-fuel Econoline NGV's. Incentives for the Crown Victoria NGV range from $1,500 to $2,025 depending on the purchase of Ford's Extended Range Package. Other incentives include $1,500 for the bi-fuel propane F-Series pickup and bi-fuel propane Econoline Van, and $1,000 for the Taurus Flexible Fuel Vehicle (AFV).