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Showing Original Post only (View all)Republican introduces new bill to end the $7,500 federal tax credit for electric cars [View all]
and tax them more instead.https://electrek.co/2018/10/10/republican-bill-end-federal-tax-credit-for-electric-car/
At a time when most governments are looking at ways to encourage electric vehicle adoption, a Republican senator has now introduced a new bill to end the $7,500 federal tax credit for electric cars and instead tax them more.
Senator John Barrasso, a Republican from Wyoming, introduced the bill this week.
The full text of the bill is not available yet on Congress website, but the goal is clear from its title:
A bill to amend the Internal Revenue Code of 1986 to terminate the credit for new qualified plug-in electric drive motor vehicles and to provide for a Federal Highway user fee on alternative fuel vehicles.
The effort comes at an interesting time for the electric vehicle federal tax credit.
Its the second year in a row that the GOP has tried to repeal the $7,500 federal tax credit for electric vehicles. The last attempt wasnt part of a much bigger bill and it was dropped from the final version.
Last quarter, Tesla became the first automaker to hit the 200,000 delivery threshold to initiate a phase-out period of the credit over the next year.
At the same time, a new bill in Congress is attempting to remove the delivery limit for the federal tax credit and replace it with a time limit.
The logic is that the delivery limit results in a disadvantage to early proponents of the technology, like Tesla, and will create a competitive advantage for other automakers who have been late to introduce EVs in volume.
But the bill is backed by Democrats in a Congress and Senate controlled by Republicans, which makes this new bill introduced by Barrasso much more likely to pass.
Oil and gas is one of the top sectors to donate to Barrassos campaign, according to OpenSecrets. Chevron and Murray Energy are amongst Barrassos top donors.
The bill has now been referred to the Committee on Finance. We will monitor its progress.
snip >
https://electrek.co/2018/10/10/republican-bill-end-federal-tax-credit-for-electric-car/
Lowlife morons.
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Republican introduces new bill to end the $7,500 federal tax credit for electric cars [View all]
Submariner
Oct 2018
OP
I saw somewhere that one of Rupert Murdoch's kids was going to be Tesla's new chairman...
RockRaven
Oct 2018
#1
0. Republican introduces new bill to end the $7,500 federal tax credit for electric cars and tax the
Wyatt513
Oct 2018
#3
How does taxing gas so everyone is forced to buy a car that "only rich people can afford" help?
uppityperson
Oct 2018
#6
To begin with - raising the gas tax is political suicide - straight from a congressional staffer
Finishline42
Oct 2018
#24
It doesn't matter a whit. This subsidy for rich people has nothing to do with the environment.
NNadir
Oct 2018
#15
Can you please quantitatively compare the primary fuel in BTU used to power an electric car
progree
Oct 2018
#18
Well, I don't get my science from articles in Forbes, nor do I credit the idea of ignoring...
NNadir
Oct 2018
#19
On externalities - any "science" article that applies to the U.S., instead of China?
progree
Oct 2018
#21