Automotive Fuel Vehicles :: essays research papers

INCENTIVES AND LAWSThe main national incentives for the grease ones palms or conversion of individual alternative fuel vehicles (AFVs) are the federal income revenue enhancementationation deductions of $2,000-$50,000 for clean fuel vehicles, and the income levy opinion of up to $4,000 for electric vehicles (EVs). An income tax deduction is also available for the installation of refueling or recharging facilities for AFVs. pretermit for the federal tax credits and deductions, most of the federal incentives are programmatic grants orientated toward large investments such as infrastructure and larger purchases. The lead federal agencies for AFV programs are the U.S. Department of Treasury (i.e., IRS), the U.S. Department of Energy (DOE), the U.S. Department of expatriate (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 manufacturer (OEM) sufficient clean fuel vehicle, or for the conversion of a vehicle to workout a clean-burning fuel, is provided under the Energy Policy fiddle of 1992 (EPAct), Public Law-102-486, human activity 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. 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 mainly by an electric motor. full-strength Cities Program DOEs Clean Cities Program coordinates unforced efforts between locally based government and industry to accelerate the practice of alternative fuels and expand AFV refueling infrastructure.Federal Incentives EPAct establishes an incentive program for the purchas e 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 be 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. sex act 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 runny source pollutants.