Tag Archives: Alternative propulsion

Individuals Received Millions In Erroneous Tax Credits For Plug-in Electric and Alternative-Fueled Vehicles

WASHINGTON ­ Approximately $33 million in credits for plug-in electric and alternative-fueled vehicles credits were erroneously claimed by at least 12,920 taxpayers through July 24, 2010, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). That means about 20 percent of the $163.9 million in credits claimed by […]

Free Electric Cars

Last week, I got a note from a CPA asking me if I knew anything about getting an electric car for free. She said one of her clients had just ordered a free golf cart-type vehicle from www.freeelectriccar.com  . And they had asked her about it after buying it – not before. So, I went […]

Tax Credit for Fuel Cell Vehicles

IRS Explains How Manufacturers, Purchasers Can Take Advantage of Tax Credit for Fuel Cell Vehicles WASHINGTON — The Internal Revenue Service today issued a notice providing procedures for vehicle manufacturers to certify that a fuel cell vehicle meets the requirements for a tax credit. It also provides guidance to taxpayers who purchase certified vehicles regarding […]

Two 2008 GM Vehicles Certified As Qualified Hybrids

IR-2007-156 WASHINGTON — The Internal Revenue Service has acknowledged the certification by General Motors Corp. that two of its Model Year 2008 vehicles meet the requirements of the Alternative Motor Vehicle Credit as qualified hybrid motor vehicles. The credit amount for the certified 2008 model year hybrid vehicles are: Chevrolet Malibu hybrid — $1,300 Saturn […]