Last month, when the Japanese automaker Toyota officially introduced the Mirai FCV, a hydrogen fuel cell vehicle, the company was quoted mentioning buyers of the car would have to pay a tax credit of $8,000, more or less. However, speaking of this tax credit, one thing comes to mind. It is set to expire when the year 2014 comes to an end. This looks to be even more so as there has yet to be any update whatsoever in respect to the legislation related to the tax credit.
Taking that into consideration, it seems that those who spend their cash on the Japanese hydrogen fuel cell vehicle may be able to save $8,000, at least twelve months from now. This is all seemingly because the US Congress has not managed to keep up with the trends in the fast growing automotive industry.
Speaking of this particular tax credit system in the US, the Autoblog Green reports that the US Congress has actually worked in close collaboration with PIA as well as other similar organizations. Their collaboration focuses on extending the tax credit for electronic vehicle charging stations (EVSE). That information has been quoted from the senior policy advisor of Plug In America, Jay Friedland. According to Friedland, individual customers in the states have the ability to reduce up to 30% of the purchase and installation costs of the EVSE, which may go up to $1,000. As for corporate customers, they will be allowed to reduce the costs by up to $30,000. Friedland also mentions that this will apply to the hydrogen fuel cell vehicles purchased by the end of 2014 and it will act retroactively when the new year begins. As a matter of fact, Friedland even encourages the residents of the United States of America to go to the dealerships and spend their money on any hydrogen fuel cell vehicle of their choosing this Christmas season.
