December 18, 2014
On Tuesday night, December 16, the Senate approved legislation sent from the House that extends the life of a number of tax breaks through tax year 2014. Included in the package are a number of credits important to fleets, of which are outlined below.
Alternative Fuel Excise Tax Credit – $.50 per gallon alternative fuel tax credit for compressed natural gas and propane when used as a vehicle fuel.
Biodiesel Production and Blending Tax Credit – Qualified biodiesel producers or blenders are eligible for an income tax credit of $1.00 per gallon of pure biodiesel or renewable diesel produced or used in the blending process.
Alternative Fuel Infrastructure Tax Credit – A 30 percent credit for installing vehicle refueling property for alternative fuel, such as pumps for ethanol or liquefied natural gas.
Bonus Modified Accelerated Cost Recovery System (MACRS), commonly referred to as Bonus Depreciation – allows extra depreciation to be taken for 50 percent of a truck’s purchase price, with an extra bonus depreciation deduction of up to $8,000 for automobiles, light trucks, vans, and SUVs.
President Obama is expected to sign the tax extenders legislation within days. As mentioned, the measure is only applicable to the 2014 tax year, which means the credits will not be renewed for tax year 2015 unless the new Congress takes the matter up again.
NAFA Fleet Management Association | 125 Village Boulevard, Suite 200 | Princeton, NJ 08540
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December 9, 2014
The U.S. House of Representatives on Wednesday voted to approve H.R. 5771, 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.
These tax credits were made available to individuals, businesses, and other entities that use transportation fuel products such as compressed natural gas (CNG), liquefied natural gas (LNG), and propane autogas.
The alternative fuels excise tax credits are part of many business, individual, and energy tax incentives covered in H.R. 5771, which will next be reviewed by the Senate.
From Green Fleet Magazine
November 20, 2014
Courtesy of Oregon Department of Transportation
Is it a prohibited gift of public funds if the agency allows public employees and members of the public to charge their personal vehicle at an agency charging station without imposing a fee?
Can employees be provided with free charging as an employee benefit?
Should an agency require that employees enter into an employee agreement for use of the EV charging stations?
The gift of public funds consideration seems to be the biggest legal concern among government agencies, and there are two ways to analyze the issue. As a reminder, the gift of public funds prohibition in the Washington State Constitution (article 8, section 7) is mandatory and must be strictly observed. It prohibits a local government from giving “any money, or property, or loan[ing] its money, or credit to or in aid of any individual, association, company or corporation, except for the necessary support of the poor and infirm.”
The threshold question under the gift of public funds analysis is whether providing EV charging for personal vehicles is a “fundamental governmental purpose?” If yes, no gift of public funds occurs. If no, then the question turns to whether there is consideration and donative intent.
November 14, 2014
Photo: Byron Small
The utility will invest $12 million in a pilot program that will boost the number of electric vehicle chargers in Georgia. One of out about every 60 new cars registered in the Peach State, in the first six months, was an all-electric vehicle, according to IHS Automotive.
About 1,000 new plug-in vehicles (which include all-electric vehicles, such as the Nissan LEAF) are registered in Georgia every month, according to Don Francis, executive director of Clean Cities-Georgia. Eighty percent of those cars are registered in metro Atlanta.
Atlanta is the No. 2 market nationwide for electric and plug-in hybrids and the No. 1 market for the Nissan LEAF, Georgia Power spokeswoman Amy Fink said.
November 12, 2014
Central Florida Clean Cities is proud to welcome a new Chapter into the Clean Cities Coalitions.
Come and be a part of the celebration!
November 10, 2014
photo: David Noland, Tom Moloughney
Green Car Reports grouped the cars by maker so that, for instance, General Motors includes both Chevrolet and Cadillac plug-in sales.
And they included compliance cars; even if they’re limited in volume, they do have plugs.
Here are the percentages of a carmaker’s total U.S. sales this year that are made up of battery-electric, range-extended electric, and plug-in hybrid sales:
- Tesla: 100 percent
- BMW: 2.3 percent (4,534 of 201,000)
- Nissan: 2.1 percent (24,411 of 1.17 million)
- Ford: 0.9 percent (18,859 of 2.07 million)
- GM: 0.7 percent (17,969 of 2.43 million)
- Toyota: 0.6 percent (12,321 of 1.98 million)
A couple of things stand out.
November 3, 2014
2014.5 Toyota Camry Hybrid, Courtesy of Toyota
Gasoline-electric hybrids are losing their competitive edge over ther gasoline counterparts due to falling fuel prices and more efficient internal combustion engines, according to a five-year owner cost analysis by Vincentric.
The research firm studied the total cost of owning a hybrid, and found that 10 of the 31 hybrids included in the research were more cost-effective to own that their gasoline counterpart. The percentage of cost-effective hybrids has fallen to 32 percent from 39 percent in the 2013 study and 44 percent in the 2012 study.
The Lexus CT200h and the Toyota Avalon Hybrid returned impressive lower ownership costs with savings of over $7,600 and $3,200 respectively. Additional hybrids from Acura, Audi, Honda, Hyundai, Lexus, Lincoln, and Toyota also showed cost advantages, according to Vincentric.
However, when the costs to own and operate all 31 hybrid vehicles were taken into account, the average five-year cost-of-ownership for hybrids was $1,339 more than their gasoline-powered counterparts.
November 2, 2014
Jeff Willhelm/Charlotte Observer
Agnew, 60, recently debuted the Condor 2015, an all-electric pickup designed for fleet service and deliveries, that conserves energy and saves buyers thousands in fuel costs. Capable of hauling 1,000 pounds and reaching up to 80 mph, the truck was produced in Charlotte, N.C., by EV Fleet Inc., a manufacturing startup Agnew formed this year to assemble and sell electric pickups.
The Condor is a strategic response to what Agnew said he didn’t see on the market — pickups built with motors that ran on energy stored in batteries and no gas components. Yet the Condor’s creation comes just as analysts question the long-term viability of the nascent electric vehicle industry.