. Military Space News .
CAR TECH
Texas applauds free-market move on electric vehicles
by Daniel J. Graeber
Washington (UPI) Nov 3, 2017


A Texas energy regulator said a proposal to eliminate federal tax breaks for electric vehicles keeps the government from falsely distorting the energy market.

At least six sections of the 429-page bill meant to overhaul the federal tax code extend into the energy sector. While some considerations are extended for solar and small-wind energy projects, a tax break for electric vehicles would expire for those vehicles placed into serve at the beginning of the 2018 tax year, if the measure passes.

The bill was introduced Thursday by U.S. Rep. Kevin Brady, R-Texas, the chairman of the House Ways and Means Committee. On Tuesday, the Texas Railroad Commission, the state energy regulator, said the tax break for electric vehicles was an attack on the energy industry.

"I have been impressed with the leadership our Texas delegation in the House and Senate has taken on issues of energy," Texas Commissioner Wayne Christian, a Republican, said in a statement after the bill was introduced. "I look forward to ... work[ing] with them in the future to ensure Texas continues to create jobs and economic growth."

Christian said the subsidies are "feel-good" tax breaks that have few tangible impacts on the environment. The International Energy Agency, however, notes that 23 percent of global greenhouse gas emissions come from the transportation sector.

"Electrifying road transportation has multiple benefits, including the reduction of emissions of local pollutants and noise and the promotion of energy security and decarbonization through increased energy efficiency and diversification," an IEA report read.

The federal subsidy offers as much as $7,500 in tax credits per vehicle. The Texas commissioner, however, said it distorts the market, adding he was pleased his state counterpart took up free-market principles at the federal level.

"Additional subsides exist at a state level, and I hope Texas has a similar discussion prior to the next legislative session," he said.

The IEA said electric vehicle sales are on the decline, though recent gains have been impressive. Growth in sales in 2015 was 77 percent, but below 50 percent from their 2010 levels last year. By the IEA's estimates, electric vehicle sales "have a long way to go" before reaching a market portion large enough to put a dent in oil demand or greenhouse gas emissions.

In October, Colorado Gov. John Hickenlooper led a handful of Western state leaders in unveiling plans to support an electric-vehicle corridor across more than 5,000 miles of highway. About 2 percent of new vehicle sales in Colorado are plug-ins and Hickenlooper's office estimated clean-energy jobs support more than $3.5 billion in wages.

CAR TECH
Tesla slides on murky outlook for fixing Model 3 production woes
New York (AFP) Nov 1, 2017
Tesla shares skidded Wednesday after offering only a murky timetable for fixing production "bottlenecks" for its Model 3, the vehicle aimed at broadening the appeal of the electric carmaker. Shares in Tesla, a longtime favorite of Wall Street, sank 4.7 percent in after-hours trade to $306.00 following its quarterly update, which also showed its net loss nearly doubled to $619 million - its ... read more

Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
Russia conducts ballistic missile tests

Report: Japan eyeing SM-6 missiles for defense program

Lockheed Martin missile defense sensor technology receives prototyping contract

Lockheed Martin to develop missile defense tools under DoD deal

CAR TECH
Iran says to continue developing ballistic missiles

Lithuania buys Norwegian air defence system amid Russia fears

'How to survive a N. Korean missile' - in Japanese manga form

Italy to receive additional AGM-88E guided missiles

CAR TECH
Insitu awarded $9.2M for parts, sustainment of RQ-21A

New RoboBee flies, dives, swims and explodes out the of water

Boeing invests in autonomous flight technology company

Drone Aviation awarded contract for Enhanced WASP Tactical Aerostat from US Defense Dept

CAR TECH
82nd Airborne tests in-flight communication system for paratroopers

16th SPCS Defenders of critical satellite communications

NRL clarifies valley polarization for electronic and optoelectronic technologies

Harris supplying tactical radios to Navy, Marines

CAR TECH
CACI International to support Army C4ISR

State Department approves Kuwaiti M1A1 tank deal

Lockheed gets Air Force production order for Paveway II kits

Automated Processes Drive Down Costs Increase Precision of Critical Military Containers

CAR TECH
Lockheed, Navantia renew collaborative agreement

Philippines' Duterte receives Russian assault rifles

Whistleblower protection bill sent to President as complaints of retaliation grow

UK defence giant BAE Systems to axe almost 2,000 jobs

CAR TECH
US releases Russian defense firms sanctions list

NATO challenges Russia on military drill numbers

NATO ill-prepared for a Russian attack: report

'Xi Dada' casts a long shadow over China

CAR TECH
Researchers reveal the effect of nano-diamond on magnetorheological fluids

Researchers show how nanoscale patterning can decrease metal fatigue

Metal-silicone microstructures could enable new flexible optical and electrical devices

Gold nanoantennas help in creation of more powerful nanoelectronics









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.