Congressional Budget Office is Wrong About EV Incentives, EDTA Says

Electric Drive Transportation Association

Elec¬≠tric Dri¬≠ve Trans¬≠porta¬≠tion Asso¬≠ci¬≠a¬≠tion was not hap¬≠py with Con¬≠gres¬≠sion¬≠al Bud¬≠get Office‚Äôs report last week that fed¬≠er¬≠al tax incen¬≠tives for con¬≠sumers buy¬≠ing elec¬≠tric vehi¬≠cles are a wast¬≠ed effort. The made sure to high¬≠light the idea that ‚Äútax incen¬≠tives can help move elec¬≠tric dri¬≠ve into the main¬≠stream and reduce gaso¬≠line use and emis¬≠sions.‚ÄĚ

CBO report­ed that the fed­er­al gov­ern­ment will be spend­ing about $7.5 bil­lion on poli­cies to pro­mote EV sales, and about a quar­ter of that will go direct­ly to vehi­cle-pur­chase tax cred­its, with the rest of it going to bat­tery mak­ers and to unpaid por­tions of the $25 bil­lion in loans to man­u­fac­tur­ers of advanced vehi­cles. The gov­ern­ment offers up to $7,500 to con­sumers buy­ing a plug-in, such as the Nis­san Leaf, Chevy Volt, or Toy­ota Prius Plug-In. As the pres­i­den­tial elec­tion approach­es, this top­ic is a good one for edi­to­ri­als sup­port­ing (such as a Carnegie Endow­ment pub­lished paper) and slam­ming the fed­er­al gov­ern­ment (such as an arti­cle in Forbes).




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