Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday February 09, 2019

Senate, House Bills Aim to Kill $7,500 Electric Vehicle Tax Credit, Add New EV Tax

Lawmakers have proposed new legislation this week that is sure to sour any EV owner’s day. While they have "little chance of passing," bills were filed Wednesday that would not only terminate the $7,500 EV tax credit but introduce a new "highway user fee" for alternative-fuel vehicles because "they are immune from gasoline taxes and ensure the money collected on a user's tax return goes into the Highway Trust Fund." Supporters claim the EV tax only benefits the elite.

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Opponents say the program disproportionately helps wealthy car buyers. "Rural America's taxpayers shouldn't be footing the bill for others to drive high-end electric vehicles," Rep. Jason Smith, R-Mo., said in a statement about the bill he authored. "The Electric Vehicle Tax Credit has benefited the wealthy at the expense of everyday Americans just trying to get by. It's time to end this wasteful subsidy and help rebuild our nation's infrastructure by ensuring every driver contributes to improving the roads we all use."

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