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Incentives For Electric Vehicles could end

Incentives For Electric Vehicles could end

Incentives For Electric Vehicles could end

The current incentives of between $5,000 and $8,500, depending on the price of the vehicle are driving the sales of EV’s.  What happens if these incentives come to an end. Will the consumer still be willing to buy these cars knowing that they will have to make up for this shortfall? We feel that without these incentives, sales would plunge and that is why they have remained in place since 2010.

We are all for technology that helps cut down pollution but this amounts to direct government intervention and not competition. If  Ev’s are that great, then consumers will embrace them and demand will push prices lower.

The U.S. federal government is subsidizing electric cars with a $7,500 consumer tax break for the first 200,000 vehicles an automaker sells. Once the threshold is met, the tax credit is cut by half for all vehicles sold over the next six months and is then halved again for another six months before running out completely.

The U.S. Congress at the end of 2019 declined to extend the cap to 600,000 electric vehicles per carmaker. Full story

This video illustrates that we could be embracing clean coal technology which would be easy to implement. It would be a nice balanced approach instead of simply rushing to embrace alternative energy.

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