Do households earning $200,000 per year need taxpayer assistance to purchase electric cars? Congress seems to think so. Since 2008, the electric vehicle (EV) tax credit has given electric car buyers up to a $7,500 tax credit when purchasing a qualifying vehicle. Under current law, the credit exists until a manufacturer sells its 200,000th car, […]
Removing the cap on the EV tax credit would entrench an unfair, ineffective policy. Instead of magnifying the EV tax credit’s harmful effects, Congress should repeal it. Senator John Barrasso (R-WY) recently introduced the Fairness for Every Driver Act to do just that. It’s time to level the playing field between all vehicle types and […]
Today, a group of nonprofit organizations sent a letter to Congress calling for an end of subsidies for electric vehicles. These subsidies work to benefit more wealthy Americans at the cost of other taxpayers. The letter is available online.
Today, a coalition sent a letter to the EPA Administrator, Scott Pruitt, asking the agency to revoke California’s waiver from the Clean Air Act, which allows the state to decouple from Federal policy and impose strict emission standards on automobiles. The letter notes California’s policy has contributed to higher costs for taxpayers and consumers, as […]
California leads the nation in imposing anti-consumer policies that pick winners and losers in the marketplace to promote a larger policy agenda. That is certainly the case with the state’s Federal waiver from the Clean Air Act, which allows it to decouple from Federal policy and impose strict emissions standards on automobiles. But the scientific […]
Across the country, electric car buyers are benefiting from generous tax subsidies. These include up to $7,500 in federal tax credits and thousands of dollars more in state tax credits, not to mention various initiatives to subsidize home, business, and public recharging stations. However, recent moves in several states to end electric vehicle subsidies and […]
Battery electric vehicles have grown in popularity over the last decade, primarily due to their tax incentives and perceived environmental benefits that steer car buyers away from gas-fueled vehicles. However, as this ConsumerGram shows, the environmental benefits from using electric vehicles are far overstated, which means that incentives designed to encourage electric vehicle ownership may […]