Battle Lines: Oil & Gas Industry Vs. Utilities And Auto Sector In Fight Over EV Tax Credit
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Attendees of the ALEC meeting cast secret ballots on the resolution, which called for "equalizing the tax treatment of different types of vehicles by supporting the end of the $7,500 federal tax credit for electric vehicles." An E&E News reporter was barred from entering the room, but two attendees described the vote on the condition of anonymity.
One recalled that the resolution incited a debate between utilities and refiners. Utilities opposed the resolution because they were seeking to invest in EV charging infrastructure, while refiners supported the resolution because they viewed EVs as a threat to their bottom line, the source said.
Utilities were represented by the Edison Electric Institute. In the refiners' camp were Marathon, AFPM, Koch Industries and the Koch-affiliated Institute for Energy Research. "This was a smackdown between utilities and oil over the future of transportation costs and owning the transportation market," the attendee said. "Electric vehicles are moving people off of oil and onto coal and natural gas in most places. That's where the pressure points are."
Another attendee recalled that most ALEC members were in favor of the resolution, with the exception of the utility interests. "I think most people were in favor of the resolution and eliminating the subsidy," that person said. "The conversation actually was not as robust as I would've liked it." A spokesman for EEI declined to comment.
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https://www.eenews.net/stories/1060122979