Congressional Budget Office is Wrong About EV Incentives, EDTA Says

Electric Drive Transportation Association

Elec­tric Dri­ve Trans­porta­tion Asso­ci­a­tion was not hap­py with Con­gres­sion­al Bud­get Office’s report last week that fed­er­al tax incen­tives for con­sumers buy­ing elec­tric vehi­cles are a wast­ed effort. The EDTA state­ment made sure to high­light the idea that “tax incen­tives can help move elec­tric dri­ve into the main­stream and reduce gaso­line use and emis­sions.”

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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