Automakers Scramble As EV Tax Credits Go On The Chopping Block

Automakers Scramble As EV Tax Credits Go On The Chopping Block
Automakers are scrambling to defend the electric vehicle tax credit after House Republicans last week proposed eliminating it to help pay for their broader package of tax cuts.

Lobbyists here quickly huddled to figure out how to save the tax credit, which the industry views as critical to promoting commercial adoption of electric vehicle technology.

"Tax credits are an important customer benefit that can help accelerate the acceptance of electric vehicles. Because General Motors believes in an all-electric future, we will work with Congress to explore ways to maintain this incentive," GM said in a statement.


Read Article

Agent009Agent009 - 11/6/2017 9:46:34 AM
+3 Boost
It makes you wonder if the automakers stayed on the Trump advisory board if the tax credit would even be in jeopardy? They made their choice and now they pay the price.


vdivvdiv - 11/6/2017 10:13:55 AM
+1 Boost
Corruption at its best. Well it is Congress that is proposing to cut the tax credit.


TomMTomM - 11/6/2017 10:20:28 AM
+3 Boost
Trump is not doing anything - this is a Republican Congressional proposal - for which - Trump appears to have had little input - so that he had to publically come out in favor of 401K deductions - rather than pass that on in a private meeting.

The tax credit was going to end soon anyway - and if EVs are so good - they should be able to sell them with full profit markup - without problems. SInce the cars are NOT the panacea - and the infrastructure does not exist for them - only a few people were actually helped by these supports - and that was counter productive.

THe consumer has spoken - Hybrids are simply not expanding at the rates manufacturers planned on - and just try to find them on dealer lots - dealers are simply not ordering them.


TomMTomM - 11/6/2017 10:20:29 AM
+1 Boost
Trump is not doing anything - this is a Republican Congressional proposal - for which - Trump appears to have had little input - so that he had to publically come out in favor of 401K deductions - rather than pass that on in a private meeting.

The tax credit was going to end soon anyway - and if EVs are so good - they should be able to sell them with full profit markup - without problems. SInce the cars are NOT the panacea - and the infrastructure does not exist for them - only a few people were actually helped by these supports - and that was counter productive.

THe consumer has spoken - Hybrids are simply not expanding at the rates manufacturers planned on - and just try to find them on dealer lots - dealers are simply not ordering them.


SanJoseDriverSanJoseDriver - 11/20/2017 5:25:54 AM
+1 Boost
The carbon offset works against Tesla and primarily benefits companies that sell gas cars. Companies with gas cars in their portfolio get 100% of the credit while Tesla is now selling the credits for less than 50 cents on the dollar. Tesla is actually pushing to end the ZEV credit system.


pchera01pchera01 - 11/6/2017 3:07:41 PM
-1 Boost
finally we have true Republican president in office!


MrEEMrEE - 11/6/2017 9:31:21 PM
+3 Boost
Car makers and not tax payers will have to funnel more profits to lower EV prices.


MorePowerMorePower - 11/7/2017 3:47:24 AM
+4 Boost
They should end all of the oil company subsidies along with ethanol as well.
Copyright 2026 AutoSpies.com, LLC