federal tax credit


Hey Congress! Here’s Why You Can’t Scrap The Electric Vehicle Tax Credit

, Senior policy and legal analyst

The fate of the federal tax credit for electric vehicles hangs in the balance. The House version of the GOP-led tax plan removes it entirely while the Senate version (as of Friday, November 17th) keeps it on the books. As lawmakers work to combine the House-passed bill with the Senate version, let’s examine why the EV tax credit shouldn’t be eliminated. Read more >

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General Motors

Tax Credits and Rebates for Electric Cars Benefit US Drivers and Automakers

, Senior vehicles engineer

Leadership on vehicle electrification is critical to tackling climate change, protecting consumers from volatile oil prices, maintaining the competitiveness of US automakers, and creating 21st century manufacturing jobs. However, electric vehicles (EVs) currently cost more to manufacture than comparably sized gasoline-powered vehicles, which can mean higher prices and slower adoption.  One important policy solution to help accelerate the rate of EV sales is to offer purchase incentives to potential EV buyers, as discussed in a new policy brief “Accelerating U.S. Leadership in Electric Vehicles” that I co-authored with my UCS colleague Josh Goldman. Read more >

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The Koch Political Machine Targets Electric Vehicle Policies. Here’s Why That’s Wrong

, Senior policy and legal analyst

The HuffPo recently alleged that everyone’s favorite multibillionaires, Charles and David Koch, are planning to spend $10 million per year to assault government incentives for electric vehicles. Why all the fuss? It could be because some of Koch Industries’ $115 billion annual revenue is derived from oil refineries and pipelines. Or, it could be because the Koch’s believe that the government “should not pick winners or losers.” Read more >

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