It’s Go Time. EVs Must be Included in Tax Reform!
Dear Plug In America Friends,
We are one month into the new Congress and a few weeks into the new Administration. Staff on Capitol Hill are hard at work writing policy on a range of issues – and for the plug-in electric vehicle (EV) industry, nothing is more important right now than tax reform. For all of us that support EVs and want to see more of these fun, fast, clean cars on the road – it’s go time.
Right now, members of Congress are busy sifting through the tax code to figure out what stays and what goes. On the House of Representatives side, the Republican “Better Way” tax plan will be the starting point. Regardless of your personal views on taxes, any tax reform process that abruptly ends the current federal tax credit for EVs will significantly hurt the EV market. Given that the EV industry is still less than 1% of light-duty vehicle sales in the U.S., and automakers have announced a range of new EV makes and models set to come on the scene in 2017 and 2018, we need to make our voices loud and clear right now that federal support is critical in helping consumers make the switch to driving electric!
Plug In America is planning a full-on campaign to make sure that EVs aren’t left out of the tax reform process. We’re going to need your help more than ever before to be successful. Right now, we need you to contact your Senators and Representative and ask for three things. If you submit your zip code and click the link at the bottom, we can automatically generate a letter that you can modify and submit with just a few clicks.
Here is what we are asking for:
- Maintain the EV tax credit under Section 30D of the U.S. tax code.
- Lift the 200,000 vehicle cap for each manufacturer, and set an overall EV target. The EV credit should also include the ability for the consumer to apply the credit to any loan amount for the vehicle purchase.
- Extend the Alternative Fuel Vehicle Refueling Property tax credit (for EV charging equipment) under Section 30C of the tax code until December 31, 2025.
Thank you – go team EVs!
The team at Plug In America