The Trump administration and Congress ignored pleas from Tesla and General Motors to extend a crucial tax credit for electric vehicle buyers
“There has been extreme resistance from the president,” said Sen. Debbie Stabenow, D-Michigan. “I don’t know why the White House would want to stop jobs and the future of the auto industry.”
The failure to raise the 200,000 limit by Congress will not affect existing state incentives that may be in place. For example, Colorado has a $5,000 state tax credit for purchasing a new EV and a $2,500 credit for leasing one, while California, the biggest U.S. market for electric cars, offers rebates of up to $7,000 for qualifying buyers and vehicles.
“President Trump is fighting to protect middle class taxpayers by opposing the welfare program for the wealthy,” Tom Pyle, president of the American Energy Alliance, told Bloomberg. AEA describes itself as a free-market advocacy group.
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