White House petition to increase federal credit numbers to over 200,000

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gene

Active member
Joined
Jul 13, 2014
Messages
39
Location
Santa Barbara CA
Increase the limits on manufacturers beyond the current 200,000 cut-off for the federal tax credit.

https://petitions.whitehouse.gov/petition/increase-ev-tax-credit-cap-manufacturer
 
When I first saw this, I thought, "hey I don't earn enough to benefit from the credit" but then I realized that Nissan gave me that credit as part of the lease "discounts". right?
 
DuncanCunningham said:
When I first saw this, I thought, "hey I don't earn enough to benefit from the credit" but then I realized that Nissan gave me that credit as part of the lease "discounts". right?

Correct. There are ways to increase your tax liability to capture the full $7500 rebate.
 
Not interested. The credits were intended to incentivize first movers to get into the business, allowinig them to build up a presumably loyal customer base by the time the credits expired, thus giving them an advantage over the followers who have lower initial buy-in costs. If some of the companies fail to lock up suppliers, develop compelling 2nd gen. products or a loyal customer base (or else kicked them in the teeth) by the time the credits expire, that's no fault of the government. The credits should expire as planned, as it's time to show that PEVs have a market (or not, as the case may be) without continuing to bribe customers using other people's money.
 
I tend to agree. If the Model 3 turns out to be a better car than a BMW 3-series for the same or less $ then the incentive has done its job and should expire. Maybe use as a bargaining chip to raise gas tax though. That will have a broader longer lasting impact although through a regressive tax.
Here's a 2012 CBO analysis of the EV tax credit.
https://www.cbo.gov/publication/43576
 
A solid, revenue-neutral carbon/GHG tax is the way to go, in my opinion. If carbon is priced appropriately, and all subsidies are removed from fossil fuels, then the market will gravitate toward solutions like EVs and renewable energy without the need for tax credits. Check out http://republicen.org
 
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