Automotive Fuel Vehicles :: essays research papers

INCENTIVES AND LAWSThe main national incentives for the procure or conversion of individual alternative fuel fomites (AFVs) atomic number 18 the federal income tax deductions of $2,000-$50,000 for clean fuel vehicles, and the income tax ascribe of up to $4,000 for galvanizing vehicles (EVs). An income tax deduction is also available for the installation of refueling or recharging facilities for AFVs. Except for the federal tax credits and deductions, most of the federal incentives are planmatic grants oriented toward large investments such as infrastructure and larger procures. The become federal agencies for AFV programs are the U.S. plane section of Treasury (i.e., IRS), the U.S. Department of Energy (DOE), the U.S. Department of Transportation (DOT), and the U.S. Environmental Protection Agency (EPA).Federal Tax deduction This is a deduction for clean fuel vehicles and certain refueling properties. A tax deduction for the purchase of a new original equipment maker (OE M) qualified clean fuel vehicle, or for the conversion of a vehicle to use a clean-burning fuel, is provided under the Energy Policy arrange of 1992 (EPAct), everyday Law-102-486, Title XIX-Revenue Provisions, Sec. 179A.Electric Vehicle Tax Credit.A tax credit for the purchase of qualified EVs and hybrid electric vehicles (HEVs) 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. first gear in 2001, the size of the credit is dishonord by 25% per course until the credit is fully phased out. To qualify for the credit, the vehicle must be power primarily by an electric motor.Clean Cities course DOEs Clean Cities Program coordinates voluntary efforts between locally based government and industry to revivify 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 additive costs associated with the purchase or conversion of an AFV.Clean stemma Act Amendments of 1990 The Clean Air Act (CAA) was passed in 1970 to improve air feeling nationwide. Congress amended the law in 1990, passing the Clean Air Act Amendments of 1990 (CAAA) and thus creating several initiatives to reinforce one of the original goals of the CAA to reduce mobile source pollutants.