Allowing electric vehicles to compete without subsidization is the best way to promote continued innovations (including lower lifetime GHG emissions) and lower costs for consumers.
The U.S. has been subsidizing electric vehicles (EVs) since 2009 and hybrid vehicles for even longer. Recent Congressional actions have substantially changed this policy.
As part of the reconciliation package, Congress rolled back the $7,500 federal EV tax credit ($4,000 credit for used EVs) as well as the EV battery production tax credits. Using the Congressional Review Act (CRA), Congress has also curtailed a California plan to phase out the sale of gas-powered cars, trucks, and SUVs by 2035.
California has a unique ability to impose environmental policies that are more stringent than federal standards. With the blessing of the Biden Administration, the state has been implementing a gradual ban on gas powered cars. Other states have the option to adopt California’s environmental policy and 12 states plus Washington D.C. did just that.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
It’s Time To Let The Electric Vehicle Industry Grow Up
Wayne H Winegarden
Allowing electric vehicles to compete without subsidization is the best way to promote continued innovations (including lower lifetime GHG emissions) and lower costs for consumers.
The U.S. has been subsidizing electric vehicles (EVs) since 2009 and hybrid vehicles for even longer. Recent Congressional actions have substantially changed this policy.
As part of the reconciliation package, Congress rolled back the $7,500 federal EV tax credit ($4,000 credit for used EVs) as well as the EV battery production tax credits. Using the Congressional Review Act (CRA), Congress has also curtailed a California plan to phase out the sale of gas-powered cars, trucks, and SUVs by 2035.
California has a unique ability to impose environmental policies that are more stringent than federal standards. With the blessing of the Biden Administration, the state has been implementing a gradual ban on gas powered cars. Other states have the option to adopt California’s environmental policy and 12 states plus Washington D.C. did just that.
Read the op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.