Insurance Institute of Highway Safety Concerned About LSVs

A recent article in the Wall Street Journal reports about the increasing use of LSVs/NEVs on public roads and the safety concerns the trend raises.  The article mentions two factors that could adversely affect the market in the future.  First, the IIHS may start conducting crash tests of LSVs with passenger vehicles.  Second, the National Highway Transportation and Safety Administration (NHTSA) is investigating how to more tightly regulate the vehicles. NHTSA concerns include lower crash testing standards for LSVs, mixing with larger and faster vehicles on public roads and the removal of speed governors by some LSV owners. Learn more:  WSJ Online

Oklahoma Tax Commission Withdraws Tax Credit Ruling

The Oklahoma Tax Commission has withdrawn the ruling of September 17th that would have prohibited buyers of certain electric powered vehicles from qualifying for a substantial tax credit. Roger Gaddis, owner of Ada Electric Cars, sued the commission last week over the ruling. The reason for reversal, according to the tax commission, is that the ruling was meant to clarify the original ruling, but instead created more confusion. This is what spokesperson Paula Ross had told me about a week ago. Going forward tax credit qualifications will be based on the original rulings.  Learn more:  Edmondsun.com