“It’s hard to imagine how giving a tax break of $12,500 to someone buying a $74,000 electric vehicle is a way to help working class workers,” said GOP Rep. Carol Miller.
House Republicans are arguing against a Democratic proposal to increase the $7,500 taxpayer-funded credit for electric car purchases to as much as $12,500, arguing that it would disproportionately help wealthy Americans who can afford to buy pricey electric vehicles.
Democrats on the House Ways and Means Committee have proposed increasing the credit as part of their party’s filibuster-proof $3.5 trillion budget reconciliation bill, which includes new social programs and billions for electric vehicle infrastructure.
Electric cars “can cost anywhere from 10 percent to over 40 percent more than a similar gasoline-only model,” a Consumer Reports analysis found last year (although the study argued that estimated savings on things like fuel and repairs offset the higher purchase prices over time).
In 2020, electric cars accounted for only 2% of new passenger vehicle sales.
Under the latest version of the proposal, an increased credit of $12,000 would apply to union-made vehicles that are assembled in the U.S. and an extra $500 would be added if the vehicle contains 50% domestic parts.
2% in 2020 and the expectation is by the mid 2030’s over 50%?
HAHAHAHAHAHAHAHAHA Won’t happen simply because of capitalism and human nature. Fossil fuels are plentiful (mom earth keeps it pumping), just need to focus on efficient refining and bolster infrastructure.
That requires investment.
Another tax break for the wealthy, whatever democrats say they are doing it’s always the opposite
Yep get rid of fossil fuel and what do you think they will charge them with in 2030 hahahahhaha
solar and wind dont think so skippy they cant produce enough which in turn means you might only ride two to three days a week. mmmmmmmm lock downs and home working all in the name of covid. I see now why they are experimenting with all this BS .Yep wont need them electric cars after all