QOTD: Should The EV Tax Credit Go Away?
There's a possibility that the $7,500 federal tax credit for electric vehicles could get killed as Republicans look for ways to pay for President Donald Trump's tax cuts. House Speaker Mike Johnson has implied it's likely , though he left room for keeping it.
There's a possibility that the $7,500 federal tax credit for electric vehicles could get killed as Republicans look for ways to pay for President Donald Trump's tax cuts. House Speaker Mike Johnson has implied it's likely, though he left room for keeping it.
This is actually a dual QOTD. Question one is should the tax credit be kept, and question two is what will happen to the industry, especially in terms of EV sales, if it does go away?
I am of the opinion that it should stay and that EV sales will take a hit if the cut is ended. And I say this being fully aware that given the price of some EVs, and the income bracket of some EV buyers -- well, let's just say that some percentage of EV buyers don't really need the tax credit.
On the other hand, there are buyers who will be incentivized by the credit, whether they need it or not.
But that's my take. The whole point of the QOTD is to ask you, the B and B, what you think.
So, go ahead and sound off below.
[Image: Thewsila/Shutterstock.com]
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