Fuelishness! -- The FuelClinic.com Blog

Fuelishness! Feed: Plug-In Tax Credits; Reducing Travel Intensity; Chu Doesn’t Know What to Do; The Electric Car Re-Thought

  • Stimulus Bill Provides Major Increase in Plug-in Vehicle Purchase Credit Program : Under current law, a credit is available for each new qualified fuel cell vehicle, hybrid vehicle, advanced lean burn technology vehicle, and alternative fuel vehicle placed in service by a taxpayer during the taxable year. In general, the credit amount varies based on technology, weight, fuel efficiency, and other factors. The credit generally is available for vehicles purchased after 2005. The credit terminates after 2009, 2010, or 2014, depending on the type of vehicle. The alternative motor vehicle credit is not allowed against the alternative minimum tax.
     
  • Two Studies on Regional Options for Reducing GHG Highlight Need for Reduction in Travel Intensity : Achieving targeted regional reduction in greenhouse gas (GHG) emissions from the transportation sector will require concentrated efforts to change travel behavior and reduce vehicle miles travelled in addition to advances in vehicle technology and fuels, according to two recent studies.
     
  • As OPEC Prepares to Meet, Chu Focuses on U.S. Energy : Energy Secretary Steven Chu — whose agency has long taken the lead on global oil-market policy — said Thursday he doesn’t know what the Obama administration would urge the Organization of Petroleum Exporting Countries to do at its meeting next month.
     
  • Better Place – Electric Recharge Grid Operator : Instead of gas stations on every corner, the ERGO would blanket a country with a network of “smart” charge spots. Drivers could plug in anywhere, anytime, and would subscribe to a specific plan—unlimited miles, a maximum number of miles each month, or pay as you go—all for less than the equivalent cost for gas. They’d buy their car from the operator, who would offer steep discounts, perhaps even give the cars away. The profit would come from selling electricity—the minutes. [ Video : 33min

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