Exclusive: U.S. bill to boost electric car tax credits could rev GM, Tesla

WASHINGTON - A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to Tesla Inc and General Motors Co before the existing credit comes to an end for them.

The bill could lift electric vehicle sales in a boost for automakers that have committed tens of billions of dollars toward meeting global emissions requirements. The existing $7,500 EV tax credit, which allows taxpayers to deduct part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales. GM saw its tax credit cut to $3,750 on April 1. Tesla’s tax credit fell to $3,750 on Jan. 1 and will end entirely at year’s end.

“We have a cap that’s got to go up,” Stabenow told a group of automakers at a dinner last week. “I want to get this done as soon as possible.” Senator John Barrasso, a Republican who chairs the Environment and Public Works Committee, in February proposed legislation to end the credit and impose a highway user fee on EVs to pay for road repairs.

Why more subsidies? Stop the subsidies! They should sink or swim on their own.

Tax breaks for the rich

Trump administration response - subsidize rolling coal power!

A good use of taxpayer money. Electric vehicles have already proven performance parity with ICE and are more economical to own. They just need the prices to drop.

Electricity should be taught in all high schools.

What color do you get, when you mix earth-green and charcoal-black?

All kick back money from Chevy to Democrats

Stop wasting taxpayer money

This will put Trump in a tail spin

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Exclusive: U.S. lawmakers introduce bill to boost electric car tax creditsA bipartisan group of U.S. lawmakers will introduce legislation on Wednesday to ... Don't let them fool you just charging more on your electric bill and add the tax there the old shell game How much is Chevy giving the politicians?
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Tesla shares jump as US lawmakers begin push to expand federal electric vehicle tax creditsThe bill could be a boon for the growing electric vehicle market. The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars. As a technology fan, I love Tesla's cars; as an investor though, it would appear the company's stocks are on a roller-coaster ride at every turn. ...but I'm still a big fan of elonmusk though. Yes because those who can afford to purchase a Tesla desperately need more federal tax dollars. realDonaldTrump this is bullshit Only economic if we subsidize them. Great way to ruin ingenuity and creativity...
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Tesla pops after news that the tax credit for electric vehicles may be extendedTesla rises on news that the tax credit for electric vehicles may be extended. The legislation has been proposed by a bipartisan group of lawmakers. Higher and knowledgeable mins,have always had fascinating ideas about
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Despite a bad quarter, Tesla is singlehandedly growing the sluggish electric-car marketTesla's growth, especially in the US, has been spectacular given that there's been almost no change to automaker market share for a decade. techinsider That’s just one of the reasons why I love Tesla tesla ElonMusk SAI Toyota Prius Prime was the best purchase decision I made
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Exclusive: United States sets sights on China in new electric vehicle pushEXCLUSIVE-United States sets sights on China in new electric vehicle push ErnestScheyder Don't tell Trump. He thinks Windmills cause cancer for heaven's sake.
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