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US Congress lets $8,000 hydrogen vehicle tax credit expire

When Toyota introduced the 2016 Mirai last month in preparation for a launch late next year, it said that the hydrogen car will have a $57,500 MSRP and that there will be a federal tax credit available worth up to $8,000. The problem, as we noted at the time, is that that federal credit was set to expire at the end of 2014. The technical language of the current rule says that someone who buys a fuel cell vehicle, "may claim a credit for the certified amount for a fuel cell vehicle if it is placed in service by the taxpayer after Dec. 31, 2005, and is purchased on or before Dec. 31, 2014." With the 113th Congress now finished up for the year and legislators headed home for the holidays, we know one thing for certain: the federal tax credit for hydrogen vehicles was not updated and will end as we're all singing Auld Lang Syne next week. All of this isn't to say that Mirai buyers won't be able to take $8,000 off the price of the car 12 months from now. For proof of that, we only need to look at other alternative fuel tax incentives and realize that this Congress simply isn't moving fast enough to deal with things that are expiring right now. One of the last things that the 113th Congress did in December was to take up the tax credits that expired at the end of 2013 and renew some of them. Jay Friedland, Plug In America's senior policy advisor, told AutoblogGreen that PIA and other likeminded organizations worked with Congress to extended the electronic vehicle charging station (technically: EVSE) tax credit that was part of the Alternative Refueling Tax Credit in IRS Section 30(C) through the end of 2014. "Individuals can deduct 30 percent of the cost of purchasing and installing an EVSE up to $1,000; businesses, 30 percent up to $30,000," he said. "This tax credit is applied to any system placed into service by 12/31/14 and is retroactive to the beginning of the year. So go out and buy your favorite EV driver an EVSE for the holidays," he said. An electric motorcycle credit was killed at the last minute as Congress was getting ready to leave, but H.R. 5771 did extend the Alternative Fuels Excise Tax Credits for liquefied hydrogen and other alternative fuels. These sorts of tax credit battles happen all year long. In July, Blumenthal introduced the Fuel Cell and Hydrogen Infrastructure Act of 2014, which never got out of the Finance Committee. Back to the hydrogen vehicle situation.

Hyundai Motorsport tests its performance at the WRC Rally Finland

Autoblog joined Hyundai to check out the Neste Oil Rally Finland, where thousands of kilometers of lightly traveled, rolling gravel roads have turned out decades of astonishing racing and cold-blooded drivers. Even though the World Rally Championship is well tamed from its feral Group B days, Rally Finland is still the drivers' favorite, with the fastest speeds and the biggest jumps.
It's the rookie year for the Hyundai Shell World Rally Team, run by Hyundai Motorsport out of Alzenau, Germany. The squad entered the season aiming for podiums in the second half and looking to get its three cars to the finish at every race for maximum development data. It's already outdone itself, Thierry Neuville scoring third places in Mexico - where he used a bottle of Corona to fill his radiator - and Poland.
Denis Giraudet told us that the rally's sternest challenge is not one of heart, though. Giraudet isn't part of Hyundai Motorsport, he was our guide and he's been in the sport as a co-driver for more than 30 years; he won Rally Finland with Juha Kankunnen in 1993 in a Toyota Celica Turbo 4WD. Giraudet said the race tests that particular confidence that comes from about 18 inches below the heart: "Here, you have to go all out. If there's a problem, it's usually between the steering wheel and the seat."

Genesis G70 to reportedly get Sonata N-Line turbo engine

The Genesis G70 is still relatively new, but that doesn’t mean Genesis isn't going to tinker with it. This report from Car and Driver claims that the new 2.5-liter turbocharged four-cylinder going in the Hyundai Sonata N-Line will also be making its way into the G70Â’s engine bay. Hyundai estimates this engine will produce 290 horsepower and 310 pound-feet of torque in the Sonata. ThatÂ’s a significant improvement over the 2.0-liter turbocharged four-cylinder used as the base engine in the G70 today, which makes 252 hp and 260 lb-ft. Doing the math, the G70 could be getting a boost of about 38 horsepower and 50 pound-feet of torque. Increased power from the turbo four would make the 3.3-liter, twin-turbo V6 less of an upgrade at 365 hp and 376 lb-ft, unless Genesis squeezes out more power. We wouldn't complain about that. The news does casts doubt on the future of a manual transmission option. Genesis offers the manual in only one trim of the G70 now, and thatÂ’s paired with the 2.0-liter turbo four-cylinder. Take that engine away, and we can only hope that Genesis feels itÂ’s necessary to mate up a manual with the new 2.5-liter turbo. As of now, the Sonata N-Line is the only Hyundai announced to use this engine, and itÂ’s being paired with an eight-speed dual-clutch automatic in that application. Car and Driver says the manual take rate on the G70 so far is only 4 percent, which isnÂ’t a promising statistic. The most obvious time for this powertrain news would be paired to a mid-cycle refresh of the G70. As itÂ’s still a relatively new car, we donÂ’t expect to see that until 2021 or 2022. We'll let you know if any of this conjecture becomes reality.