As some have launched efforts to extend the federal tax credit for electric vehicles in order to accelerate EV adoption in the US, several trade groups representing oil companies are fighting back.  The American Fuel & Petrochemical Manufacturers, along with several other fossil fuel trade groups, have sent a letter to US Senate Majority Leader Mitch McConnell (R-KY) and House Speaker Paul D. Ryan (R-WI) to kill any effort to revive the federal tax credit.

They wrote (via the Oil and Gas Journal):

“We encourage the House and Senate to build on tax reform and not take a step backward by expanding the EV tax credit this Congress. Even if the new policy has a phaseout year, once it is included as part of tax extenders, it is very likely to be renewed year-by-year.”

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Big Oil Fears The Electric Revolution, Wants EV Tax Credit Eliminated NOW

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