Search Results Found For: "ev tax credit"

Tesla, GM and Nissan advocate for extending the federal EV tax credit

The federal EV tax credit is something of a blunt instrument, but there’s little doubt that it has encouraged a substantial number of EV purchases. The future of the $7,500 tax credit is uncertain. Recently, one Republican senator introduced a bill to expand the credit, and another introduced a bill to get rid of it… Read more »

One Republican Senator wants to extend federal EV tax credit, another wants to end it

Support for EVs on Capitol Hill does not divide neatly along partisan lines, as a pair of dueling bills in the Senate illustrates. This week, Senator Dean Heller (R-Nevada) proposed legislation that would lift the current cap on EV tax credits. Under current law, once a particular automaker sells 200,000 EVs, the tax credit will… Read more »

GM CEO Mary Barra: Congress should expand the federal EV tax credit

Mary Barra says GM plans to boost production of its Chevrolet Bolt in response to strong demand, and called on Congress to expand the federal EV tax credit. “We feel tax credits should be expanded so our customers continue to receive the benefit going forward,” Barra told an energy conference in Houston. “We believe in… Read more »

EV industry fights congressional plans to abolish federal EV tax credit

The latest salvo in the US government’s war on technology is contained in a House bill with the Orwellian title of the Tax Cuts and Jobs Act, which would eliminate the federal tax credit for EV purchases. There’s good reason to believe that killing the tax credit could cripple America’s nascent EV industry. In Denmark,… Read more »

Study: EV tax credits go mostly to high-income households

A new study from the Energy Institute at Haas, University of California, Berkeley, has reached an unsurprising conclusion: the benefits of federal tax credits tend to go mostly to higher-income households. Researchers Severin Borenstein and Lucas Davis found that 60% of the $18 billion in US federal clean energy tax credits issued between 2006 and… Read more »

Georgia’s EV tax credit on the chopping block

Chuck Martin, a Republican Georgia state representative has introduced a bill that would put an end to Georgia’s $5,000 state tax credit for EV purchases, which has been credited with making Atlanta the #2 market for plug-ins in the country. “Is it really good state policy to pay $50 million per year to let a select… Read more »

What happens when the EV tax credit is phased out? (Don’t ask the IRS.)

How important is the $7,500 federal tax credit for EV buyers, and what will happen to the market when it is eventually phased out? Vehicles from a particular automaker are eligible for the tax credit until it has sold 200,000 EVs in the US. After that, buyers of the company’s vehicles will get 50 percent… Read more »