As part of his recently released infrastructure plan, President Joe Biden has vowed to overhaul the American electric vehicle (EV) industry with $174 billion worth of spending. But in his rush to spread the cash around, President Biden appears to be doubling down on environmentally inefficient and socially regressive initiatives. Rather than wasting taxpayer money […]
electric vehicles
Real Clear Energy: Unplug Tesla Tax on the Poor
Nonetheless, forcing lower income taxpayers and energy ratepayers to fund the rollout of EV charging stations constitutes a Tesla tax on the less-wealthy. When Marie Antoinette was told that the poor could not afford bread, she reportedly said to “let them eat cake.” For Americans who are struggling in the wake of the pandemic, House […]
Real Clear Energy: Can the Public be Convinced that Electric Vehicle Subsidies are Worth it?
It’s been about 10 years since the government first subsidized electric vehicles (EV). Yet, the results haven’t been that great. With billions going to EV subsidies every year, politicians must convince the public that our tax dollars are being used effectively. As evidence suggests, EV subsidies aren’t helping climate change at all and it’s only a matter of time […]
Real Clear Energy: Electric Car Subsidies Aren’t All They’re Cracked Up to Be
For more than a decade, the federal government has picked winners and losers in the automobile market by heavily subsidizing electric vehicles (EVs). Now, with those subsidies set to phase out for the largest EV manufacturers, some lawmakers are now pushing to have the subsidies greatly expanded. To read this op-ed, visit Real Clear Energy.
Inside Sources: Proposal to Expand Electric Car Subsidies Doubles Down on Failed Policy
A pair of powerful senators, Debbie Stabenow, D-Michigan, and Lamar Alexander, R-Tennessee, and their allies in the House, are pushing to expand costly and ineffective federal subsidies for electric vehicles (EVs). However, the evidence finds that subsidizing electric vehicles is a bad idea for consumers, taxpayers and the environment. Read about this in Inside Sources.
Morning Consult: Extending the Electric Vehicle Tax Credit Would Entrench a Failed Policy
The billions of dollars spent on EV credits over the last decade have been ineffective and costly to low-income taxpayers. No wonder about two-thirds of voters oppose these subsidies. These credits shouldn’t be extended; they should be repealed. You can read this piece at The Morning Consult.
The Hill’s Congress Blog: Repeal Vehicle Tax Credits
Through the EV credit, the government picks winners and losers. Large automakers and wealthy consumers line their pockets with ordinary taxpayers’ money. Instead of doubling down by extending this unfair and ineffective program, it’s time to repeal the EV credit for good. To read this op-ed, visit The Hill’s Congress Blog.
Electric Car Tax Credits Are a Handout to the Wealthy
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, […]
The Hill: Congress Should End Electric Car Subsidies, Not Expand Them
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 […]
Coalition Sends Letter to Congress Calling for End of Subsidies for the Rich
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.