Monday, October 01, 2018

10 Year Extension to US EV Tax Credit Proposed

Zero-emissions vehicle (Credit: Click to Enlarge.
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.

Read more at 10 Year Extension to US EV Tax Credit Proposed

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