The Protecting Americans from Tax Hikes Act of 2015 will extend federal tax credits for alternative fuels that expired in 2014 and make some subsidies permanent.
President Obama has extended a tax benefit that increases small-business expensing and bonus depreciation, which would allow additional expensing for new vehicles and other equipment placed into service by the end of the year.
Nearly half of all the battery-electric vehicles and plug-in hybrid electric vehicles registered in the U.S. in 2013 came in California, according to the U.S. Energy Information Administration (EIA).
The U.S. House of Representatives voted to approve the Tax Increase Prevention Act of 2014, which includes an amendment extending the federal 50-cent per gallon alternative fuels excise tax credits through the remainder of 2014, even though the credits had previously expired at the end of 2013.
Ohio lawmakers are considering setting up a $16 million vehicle conversion fund for commercial fleet operators to convert fleet vehicles to run on natural gas or propane autogas.
AMP Electric Vehicles announced it has been qualified by the IRS for the federal tax credit.
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