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Old 04-16-2009, 11:28 AM
 
Location: Tennessee/Michigan
28,197 posts, read 47,592,879 times
Reputation: 19707

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British motorists could receive up to 5,000 pounds (5,700 euros, 7,500 dollars) if they buy an electric car under government proposals unveiled Thursday.

The plan comes as part of a 250-million-pound scheme to make motoring greener, and ministers hope it will help Britain meet its target of slashing carbon emissions by 80 percent by 2050.

Britons offered cash grants to buy electric cars
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Old 04-16-2009, 03:30 PM
 
Location: Charleston, WV
3,105 posts, read 6,635,392 times
Reputation: 835
Gosh, under the ARRA of 09 all we get is a tax credit for buying an ole' gas guzzler.

Quote:
New Car Deduction. Effective for new vehicle purchases on or after February 17, 2009, the Act allows qualified taxpayers an above-the-line deduction for all state, local sales and excise taxes paid relating to the first $49,500 of the purchase price of a new car, light truck or other vehicle through the end of the year. American Recovery and Reinvestment Act of 2009 - Gorman & Gorman Home Loans
Quote:
Q: What is the new deduction for buying a new car?

A: Taxpayers may deduct the sales tax or excise tax paid on up to the first $49,500 of the purchase price of a vehicle as either an itemized deduction or an addition to their standard deduction. American Reinvestment & Recovery Act of 2009 | Jackson Hewitt
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Old 04-16-2009, 03:48 PM
 
48,516 posts, read 83,880,155 times
Reputation: 18049
Here in texas they were offering a 3000 dollar to those get a new car that own a car ten years or older. I think the money has been used up quite a while back. That's because older cars were shown to do 90% of the pollution verus newer car studies showed.
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Old 04-17-2009, 08:33 AM
 
Location: Harrisonville
1,831 posts, read 2,115,175 times
Reputation: 398
Quote:
Originally Posted by John1960 View Post
British motorists could receive up to 5,000 pounds (5,700 euros, 7,500 dollars) if they buy an electric car under government proposals unveiled Thursday.

The plan comes as part of a 250-million-pound scheme to make motoring greener, and ministers hope it will help Britain meet its target of slashing carbon emissions by 80 percent by 2050.

Britons offered cash grants to buy electric cars

Wise policy.
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Old 04-17-2009, 08:44 AM
 
Location: Washington DC
5,915 posts, read 7,254,316 times
Reputation: 948
We do the same thing, but with a tax credit.
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