Killing the Electric Car? Not on Our Watch.

Hosted By: Ronald Bethea

Katherine Stainken : Policy Director, Plug In America

Help stop Congress from trying to kill the electric car! Just this morning, Chairman Brady of the House Ways and Means Committee introduced the Tax Cuts and Jobs Act, H.R.1. The bill calls for the repeal of the $7,500 federal electric vehicle (EV) tax credit, effective December 31, 2017. Let’s be totally clear. Abruptly ending the $7,500 federal tax credit for EVs will significantly hurt the electric vehicle market, as EVs make up less than 1% of light-duty vehicle sales in the U.S. This federal tax credit is a key incentive that helps consumers make the switch to driving electric.Abruptly ending the credit this December will rock these purchase decisions. This is absolutely terrible, as new makes and models of EVs will become available to more than 40% of the total U.S. car market in January 2018 thanks to clean air regulations that require the automakers to sell more EVs.

This credit already has a cap on when it will expire – when each automaker has sold 200,000 EVs. There’s absolutely no need to end the credit now. If anything, for all the benefits that EVs provide – fuel savings for consumers, technology and innovation leadership in the U.S., electric grid benefits, clean air, reduced healthcare costs, improved national security .

House GOP tax package boosts nukes, slashes wind, EV credits