Suppose a Presidential candidate proposed a policy that would produce the following benefits: a resurgence of U.S. auto industry production and the creation of thousands of new, high-paying manufacturing jobs; cleaner air, lower health care costs, and a huge reduction in the largest source of American greenhouse gas emissions; lower consumer costs of owning and operating vehicles; and the elimination of dependence on foreign oil.
of all manufacturing globally, up from just 8% in 2000, while the US share dropped from 22% to 15% over the same period.from the Progressive Policy Institute urges Congress to jumpstart domestic EV production and sales by passing robust consumer and manufacturer incentives.
, encouraging the sale of more affordable electric vehicles in large numbers. This “reverse scale” credit could be structured as follows: $7,500 credit for vehicles priced under $35,000; $5,000 for those under $50,000; $2,500 for those under $75,000. Congress should also require that going forward all new federal government vehicles must be US-made EVs for most purposes . The federal government could also raise or restructure Corporate Average Fuel Economy standards for an added push toward EVs. And in order to gain the full reductions in air pollution and greenhouse gas emissions, Congress will need to make sure that the electricity sector relies on increasingly clean energy sources through a national low-emissions electricity standard.
Zero intellectual value. Purely biased propaganda. Juveniles could have written this article.
Because USA is free market capitalism economy. If there was a benefit to the consumer, they would be a path to the EV door. Why do I have to do your work for you? Intern write this?
Fake news.
Thanks to General Motors 😡
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America Is Losing the World's Biggest Manufacturing and Climate Race: Electric VehiclesToday, America is losing the most world's important manufacturing and climate protection opportunity - Electric Vehicles. Congress must pass far more ambitious tax credits and other policies to jumpstart US production and purchase of EVs, especially higher credits for cheaper EVs. Good. Let Europe throw their money away on that. The 2009 American Recovery & ReInvestment Act (ARRA - aka ‘Spendulous’) attempted to stimulate domestic lithium ion battery & vehicle production with $2.4B of incentives. The beneficiaries? Chinese-owned A123, Saft, HQ’ed in France & Kokam of Korea. 7 Indiana co’s won. Any left? Yawn
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China's electric vehicle sales will continue boom despite subsidy cuts, Fitch saysSales of electric cars in China jumped almost 62% in 2018 according to official figures. Who's want to buy
Source: CNBC - 🏆 12. / 72 Read more »
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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New Bipartisan Legislation Would Expand Federal Electric Vehicle Tax CreditA bipartisan group of Senators and Members of Congress introduced a bill on Wednesday expand the federal electric vehicle tax credit in an effort to spur domestic EV production and enhance U.S. competitiveness in auto manufacturing. 400k cars X $7,500 = 3 Billion dollar giveaway. we still have to burn coal to make it..you feel good on your end ..so its o.k. A ignorant give away to the rich !! Billions of dollars for what !!
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