House Republicans propose to scrap $7,500 electric vehicle credit

[DonViejo]

NOVEMBER 2, 2017 / 12:09 PM / UPDATED AN HOUR AGO

David Shepardson

WASHINGTON (Reuters) - House Republicans are proposing to eliminate a $7,500 tax credit for electric vehicles that could hurt automakers like General Motors Co, Tesla Inc and Nissan Motor Co that are selling larger numbers of vehicles, according to a summary made public on Thursday.

Current law allows automakers to use the credit that phases out after an automaker hits 200,000 plug-in vehicles sold. Electric vehicles have expensive batteries that make them pricier than gasoline-powered vehicles.

Environmental groups and an auto industry trade group blasted the repeal. GM vowed to fight, saying the credits are “an important customer benefit that can help accelerate the acceptance of electric vehicles.” Tesla and Nissan declined to comment.

Gloria Bergquist, a spokeswoman for the Alliance of Automobile Manufacturers, a trade group representing GM, Toyota Motor Corp, Volkswagen AG (VOWG_p.DE) and others, said the change could hurt electric vehicle sales.

more
http://www.reuters.com/article/us-usa-tax-vehicles/house-republicans-propose-to-scrap-7500-electric-vehicle-credit-idUSKBN1D2282

[Orsino]

1. They're not gonna be happy until they've mandated coal/gas hybrids. n/t

[snooper2]

2. You don't need a hybrid, just run on pure coal

Not like it hasn't been done before...LOL


Does sound cool going down the road


Retro Review: Coal-Powered Turbine Engine Oldsmobile

[Orsino]

3. Now, now, don't upset our friends in the petroleum industry.

But the possibility of using prison labor for stokers could be the Republican trifecta.

[Freethinker65]

4. drill baby drill