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 […]
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 […]
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 […]
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.
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.
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 These credits shouldn’t be extended; they should be repealed.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.
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.
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.