Democrats Unlikely To Let Go Of EV Tax Credits For The Wealthy

Lawmakers opposed to tax credits for electric vehicles are again trying to eliminate federal subsidies for buyers of alternative-power vehicles and force them to contribute more for highway infrastructure.

Bills filed Wednesday in the U.S. House and Senate to terminate the $7,500 EV tax credit have little chance of passing, especially in a Democratic-controlled House, but renew a debate about the state of the EV market and government's role in shifting demand to cleaner forms of transportation.

The tax credit is designed to defray the cost of EVs that are more expensive than similarly sized traditional vehicles. Opponents say the program disproportionately helps wealthy car buyers.

Read Article

PUGPROUD - 2/7/2019 10:45:36 AM

+7 Boost

Hypocrisy by the democrats...who would have thought?

MDarringer - 2/7/2019 6:36:47 PM

+5 Boost

Agree 10000%

xjug1987a - 2/8/2019 11:48:40 AM

+3 Boost

Yep... 10000%

CANADIANCOMMENTS - 2/7/2019 1:04:31 PM

+3 Boost

I is just an opinion that the bill could die. Let's see what happens. Giving money to rich people is never good public policy. No matter how often it happens in politics. BEV sales should have never been supported with public funds.

runninglogan1 - 2/7/2019 3:19:30 PM

+2 Boost

Lol. When I saw that ridiculous headline I thought I was on Breitbart by mistake.

Agent009 - 2/7/2019 3:25:38 PM

+2 Boost

Spybart?

SanJoseDriver - 2/7/2019 8:13:30 PM

-3 Boost

The government does that today by giving oil companies generous tax breaks that dwarf the EV incentives. Who do you think benefits the most? Rich oil execs. In Silicon Valley at least, EVs have made it well into the middle class.

runninglogan1 - 2/8/2019 3:59:08 AM

-2 Boost

80ho

You think people who buy Nissan Leafs are wealthy?

dumpsty - 2/8/2019 2:15:02 PM

+1 Boost

With the recent tax changes, middle-class earners with a mortgage will be screwed the most. So pursue as many tax credits as possible if you can.

SanJoseDriver - 2/10/2019 10:33:11 PM

0 Boost

Very true.

MDarringer - 2/9/2019 9:18:23 PM

+2 Boost

I think we should tax EV owners double because they can save energy and redirect some of their one-percenter money into funding Ocasio-Cortez's Green New Deal.

mini22 - 2/12/2019 1:35:35 AM

+1 Boost

I think the tax credit should only go to the middle and lower middle class. I just heard that most middle class are losing about 8% in tax credit this year.