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EV Lobbying Group to Push for U.S. Tax Credits
Electric-car marketers have formed a U.S. lobbying alliance to coax Congress into extending the country’s $7,500 tax credit for EV buyers.
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Electric-car marketers have formed a U.S. lobbying alliance to coax Congress into extending the country’s $7,500 tax credit for EV buyers.
The EV Drive Coalition seeks to lift the current cap on the number of electrics eligible for the credit to 200,000 units per manufacturer. The group notes that developers have made significant advances to cut costs and boost performance for EVs. But it concedes the market isn’t yet sustainable.
Keeping the cap as-is would hinder consumer acceptance, making the U.S. less competitive in the global EV market and jeopardizing some of the nearly 300,000 jobs supported by the emerging EV industry, the coalition contends.
The EV Drive Coalition’s supporters comprise several EV and consumer advocacy groups, charging network operators and vehicle manufacturers General Motors, Nissan, Protegra and Tesla.
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