Tag: Subsidy

Trump Administration Says It Will End Electric Car Tax Credit In The Strangest Way | Electrek

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A Trump administration official has now announced that they are indeed planning to kill to the federal tax credit for electric vehicles, but they are offering a strange timeline as it is unclear if they even have the power to do it. The situation around the federal tax credit for EVs is weirder than ever right now. As Tesla hit the 200,000 delivery threshold to initiate the phase-out, there are two different legislative efforts to change the program. Read full story here: Trump Administration Says It Will End Electric Car Tax Credit In…

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Oil Companies Officially Ask Republicans To Kill Effort To Extend Electric Vehicle Tax Credit | Electrek

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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. Read full story here: Oil Companies Officially Ask Republicans To Kill Effort To Extend Electric Vehicle Tax Credit…

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