We should be done with the electric car tax credits
Jazz ShawPosted at 7:01 pm on December 8, 2018
For the past eight years, the government has been shelling out money to offset part of the cost of buying electric vehicles. This is an artifact from the Obama administration and it was supposed to help the climate by encouraging people to move away from gas-powered engines. But the tax credits will be expiring in many cases next year and the question now is whether Congress plans to renew this taxpayer-funded giveaway. Forbes explored the issue last month, weighing some of the pros and cons.
One-time federal tax credits of between $3,500 and $7,500 were enacted in 2010 to help spur sales of plug-in vehicles, which was then a priority for the Obama administration. The incentives helped the industry register sales of 34,000 electrified rides over the first 10 months of 2018, according to InsideEVs.com, which represents a 58% boost over the same period in 2017.
https://hotair.com/archives/2018/12/08/done-electric-car-tax-credits/
