Energy Incentives for Individuals in the American Recovery and Reinvestment Act
The American Recovery and Reinvestment Act provides tax incentives for individuals to invest in energy-efficient products.
Residential Energy Property Credit (Section 1121): The new law increases the energy tax credit for homeowners who make energy efficient improvements to their existing homes. The new law increases the credit rate to 30 percent of the cost of all qualifying improvements and raises the maximum credit limit to $1,500 for improvements placed in service in 2009 and 2010. Read more
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THE TIME HAS COME TO RESERVE YOUR NISSAN LEAF - CLICK HERE
Nissan will officially be the first major automaker to begin widespread sales of an all-electric car. The Nissan Leaf was unveiled to the press for the first time this weekend. The Los Angeles Times notes, "Depending on how you define your terms, the Leaf will be the first mass-market EV sold in the U.S. since the 1920s." Autoblog reports, "Designed as a four-to-five seat, front-drive C-segment hatchback, Nissan says the Leaf is not just for use as a specialty urban runabout, but rather, it was designed as an everyday vehicle - a ‘real car' whose 160-kilometer+ (100 mile) range meets the needs of 70% of the world's motorists." The Leaf looks a bit like a Nissan Versa hatchback, with a shorter nose (electric motors take up less space than gasoline engines) and a roofline reminiscent of the Murano SUV.
Inside, Autoblog says, "The interior is at once handsome and spacious, with what appears to be plenty of room both front and rear for real-sized adults, and the cargo area is very deep, as it is unencumbered by a gas tank assembly (the batteries are mounted beneath the seats within the wheelbase)."
Edmunds Inside Line explains, "The five-seat, electric-blue Leaf hatchback is to be launched in select U.S. and Japanese markets next year to begin what Nissan hopes will become an era of global leadership for the company in a growing EV market." The car has, according to Nissan engineers, "a top speed of 90 mph, a range of 100 miles per charge with a 30-minute recharge where quick-charging stations are available (6 hours with a 220-volt current) and seat cushion-compressing acceleration that will launch it from zero to 30 mph faster than an Infiniti G37, thanks to 207 pound-feet of torque from its 80 kilowatt (107 horsepower) electric motor."
As for final pricing, The L.A. Times notes, "Nissan officials have quietly hinted at a price less than $30,000 retail (that's before any tax credits), the goal being to make the EV a no-cost option. That would be the LEAF's greatest trick." A government tax rebate of up to $7,500 for electric vehicles, signed into law last year, will probably apply to the Leaf, theoretically knocking its price down into the mid-$20,000 range.
Q: Is there a timeline for the development of sufficient "charging station" infrastructure to make this competitive with ICEs? |
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