Sunday, December 22, 2024

The electric vehicle tax credit may be doomed

If so, I'll be a little surprised that the Big Three automakers didn't do more to save at least part of it.
And, with the doom-and-gloom Trump team of Merry Pranksters ready to swoop down on all things electric, there’s never been a better time to take advantage of federal tax incentives. Reports are widespread that the Trump transition team is planning to terminate the $7,500 consumer EV credit, an action publicly supported by Tesla CEO Elon Musk.

If you find yourself imagining what it would be like to drive sustainably, now is the time to buy an EV. Go for it, bro.

There are many reasons for consumers like my brother to buy an EV right now. Buyers will save a bundle on fuel — home charging makes owning an EV reliable and affordable, and road trips in an EV are becoming easier. Electric vehicles have no tailpipe emissions — nearly three quarters of the GHG emissions from a gasoline vehicle come from the tailpipe during vehicle operation, and the planet really can’t take many more internal combustion engines if it is to thrive. Then again, if financial considerations are your main focus, the EV tax credit that is fleetingly available will have real meaning for you. - CleanTechnica

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