PRI 2018 Electric Vehicle Study Mentioned in the Washington Times


‘Giveaway to the rich’: Dems reject means-test for electric vehicle tax credits

By Haris Alic

House Democrats blocked an attempt by Republicans to means-test the electric vehicle tax credits in President Biden’s $3.5 trillion social welfare and climate change package, drawing criticism that the subsidies will only benefit the wealthy.

In a late-night hearing of the House Energy and Commerce Committee, Democrats killed an amendment by Rep. Larry Bucshon that would have prohibited individuals making more than $100,000 a year from qualifying for tax credits or subsidies for electric vehicles or charging stations. The amendment would also have prevented the federal government from subsidizing purchases larger than $40,000.

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In arguing for the amendment, Mr. Bucshon noted that studies found that wealthy individuals already disproportionately use electric vehicle tax credits. A 2018 report by the Pacific Research Institute determined that nearly 80% of electric vehicle plug-in tax credits went to households with an adjusted gross income greater than $100,000 per year.

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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.

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