10 Year Extension to US EV Tax Credit Proposed

Several Democratic Senators and Representatives have introduced legislation to extend the US federal tax credit for zero-emissions vehicles (ZEVs) by 10 years.  The extension is wrapped in the Electric Cars Act of 2018.

Senators co-sponsoring the bill include Jeff Merkley (D-OR), Martin Heinrich (D-NM), Catherine Cortez Masto (D-NV), Kamala Harris (D-CA), Tina Smith (D-MN), Dianne Feinstein (D-CA), and Cory Booker (D-NJ).

The Representatives who introduced the bill in the House were Peter Welch (D-VT) and Jacky Rosen (D-NV).

As you may have noticed by now, there’s one problem — all of those members of Congress are Democrats.  In other words, Republicans seem to not be interested in extending the tax credit.  They have been more than happy to implement a blanket tax cut on the rich and super rich (the richest 1% of the population is getting 83% of the benefits of the tax cut) but not bother encouraging the purchase of clean electric vehicles via special tax credits for this young technology.

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