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Hybrid Tax Credit
Many governments offer a hybrid tax credit or hybrid tax rebate as a financial incentive for consumers to purchase a hybrid vehicle. Canada Residents in OntarioVehicles Powered by Alternative Fuels , Government of Ontario, accessed as of June 2, 2008 (until July 1, 2010 when the HST takes effect, ending the previous PST rebate) and Quebec,QST rebate for hybrid vehicles , Government of Quebec, accessed as of August 21, 2008 Canada can claim a rebate on the Provincial Retail Sales Tax of up to on the purchase or lease of a hybrid vehic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hybrid Vehicle
A hybrid vehicle is one that uses two or more distinct types of power, such as submarines that use diesel when surfaced and batteries when submerged. Other means to store energy include pressurized fluid in hydraulic hybrids. The basic principle with hybrid vehicles is that the different motors work better at different speeds; the electric motor is more efficient at producing torque, or turning power, and the combustion engine is better for maintaining high speed than a typical electric motor. Switching from one to the other at the proper time while speeding up yields a win-win in terms of energy efficiency, such that it translates into greater fuel efficiency. Vehicle types Two-wheeled and cycle-type vehicles Mopeds, electric bicycles, and even electric kick scooters are a simple form of a hybrid, powered by an internal combustion engine or electric motor and the rider's muscles. Early prototype motorcycles in the late 19th century used the same principle. * In a parall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Policy Act Of 2005
The Energy Policy Act of 2005 () is a federal law signed by President George W. Bush on August 8, 2005, at Sandia National Laboratories in Albuquerque, New Mexico. The act, described by proponents as an attempt to combat growing energy problems, changed US energy policy by providing Energy subsidies#Allocation of subsidies in the United States, tax incentives and loan guarantees for energy production of various types. The most consequential aspect of the law was to greatly increase ethanol production to be blended with gasoline. The law also repealed the Public Utility Holding Company Act of 1935, effective February 2006. Provisions General provisions * the Act increases the amount of biofuel (usually ethanol) that must be mixed with gasoline sold in the United States to by 2006, by 2009 and by 2012; two years later, the Energy Independence and Security Act of 2007 extended the target to by 2022. * Under an amendment in the American Recovery and Reinvestment Act of 2009, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Credit
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate. Refundable vs. non-refundable A refundable tax credit is one which, if the credit exceeds the taxes due, the government pays back to the taxpayer the difference. In other words, it makes possible a negative tax liability. For example, if a taxpayer has an initial tax liability of $100 and applies a $300 tax credit, then the taxpayer ends with a liability of –$200 and the government refunds to the taxpayer that $200. With a non-refundable tax credit, if the credit exceeds the taxes due then the taxpayer pays nothing but does not receive the difference. In this case, the taxpayer from the example would end with a tax liability of $0 (i.e. they could mak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Service
The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The duties of the IRS include providing tax assistance to taxpayers; pursuing and resolving instances of erroneous or fraudulent tax filings; and overseeing various benefits programs, including the Affordable Care Act. The IRS originates from the Commissioner of Internal Revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure provided over a fifth of the Union's war expenses before being allowed to expire a decade later. In 1913, the Sixteenth Amendment to the U.S. Constitutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Incentives For Plug-in Electric Vehicles
Government incentives for plug-in electric vehicles have been established around the world to support policy-driven adoption of plug-in electric vehicles. These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees (charging, parking, tolls, etc.). The amount of the financial incentives may depend on vehicle battery size or all-electric range. Often hybrid electric vehicles are included. Some countries extend the benefits to fuel cell vehicles, and electric vehicle conversions. More recently, some governments have also established long term regulatory signals with specific target timeframes such as ZEV mandates, national or regional emissions regulations, stringent fuel economy standards, and the phase-out of internal combustion engine vehicle sales. For example, Norway set a national goal that all new car sales by 2025 should be zero emission vehicles (electric or hydr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hybrid Electric Vehicles
A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an electric propulsion system (hybrid vehicle drivetrain). The presence of the electric powertrain is intended to achieve either better fuel economy than a conventional vehicle or better performance. There is a variety of HEV types and the degree to which each function as an electric vehicle (EV) also varies. The most common form of HEV is the hybrid electric car, although hybrid electric trucks (pickups and tractors), buses, boats and aircraft also exist. Modern HEVs make use of efficiency-improving technologies such as regenerative brakes which convert the vehicle's kinetic energy to electric energy, which is stored in a battery or supercapacitor. Some varieties of HEV use an internal combustion engine to turn an electrical generator, which either recharges the vehicle's batteries or directly powers its electric drive motors; this combination is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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