Greens Against Electric Vehicle Tax Credits


The Schumer-Manchin bill’s rich electric vehicle subsidies are a boon for automakers, but they come with a hitch: An electric vehicle on the market today is unlikely to qualify for the credit. tax of $7,500 due to the conditions of the Materials Manufacturing Bill. It will be a policy where Democratic promises to enable reform meet the road.

The bill removes the current cap of 200,000 electric vehicles per manufacturer eligible for the credits and imposes a $225,000 income limit for individuals. It also sets a price limit to qualify for vans, SUVs and pickups ($80,000) and sedans ($55,000). What a relief that taxpayers aren’t subsidizing electric Porsches for millionaires.


Wj

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