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The Protecting Americans from Tax Hikes Act of 2015 will extend federal tax credits for alternative fuels that expired in 2014 and make some subsidies permanent.
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Orange EV is now offering its T-Series electric terminal truck for on-road use in addition to the version it produces for off-road use, the company announced.
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President Obama has extended a tax benefit that increases small-business expensing and bonus depreciation, which would allow additional expensing for new vehicles and other equipment placed into service by the end of the year.
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The U.S. House of Representatives voted to approve 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.
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