The EV tax credit is in the crosshairs… again. Last year, we saved the up to $7,500 federal EV tax credit from being chopped. This year, Sen. John Barrasso wants to kill it, along with top White House Economic Advisor Larry Kudlow, “As a matter of our policy, we want to end all those subsidies.”
We need continued support to help consumers make the switch to driving electric. The $7,500 federal EV tax credit must be extended to work for more drivers for a longer time frame. The original tax credit has been a successful incentive so far, but the EV market is far from fully mature.
The current tax credit has a cap on the number of consumers (200,000 per automaker) who can take the credit, with automakers like Tesla, Nissan and GM approaching or hitting the cap. Without a reformed tax credit, this will make it harder for consumers to purchase the cars they want… and consumers want EVs!
This is our shot in the lame duck session—email your senators today! And please share this action alert widely!