Congress Fails To Renew Certain EV Related Tax Credits

I'm of mixed opinion about tax credits. I remember the Prius credit coincided with shortages and dealer markups, which curiously were the same as the tax credit. The credit appeared to be 'found money' for Prius dealers.

Bob Wilson

 

Of the three the article listed, the business credit for chargers is the only one I'll mourn. This will keep some from putting in chargers for customers, and possible preventing a business from switching over a fleet.

The range, and safety, of motorcycles relugates them to toys for most people.

In regards to home chargers, the vehicles that what require a level 2 EVSE get the full $7500 car credit. With the recent price drops another $1000 isn't needed.

 

Bigger in the news here in DC is the lost commuter credits which gave folks who took public Metro some money back. Who knew there was money back for commuters? but apparently a lot of US govt agencies took advantage of this tax credit. This credit is also mentiond in the article above.

 

Yes, people who were taking advantage of that at work have had their monthly limit for public commuting reduced.

 

When I look at them, I feel like having most of these temporary 55 tax breaks expire is a good thing.

On the first item buyers of plug-ins already get a tax credit. If its not high enough then raise it, but don't tie it to the chargers. These have gotten much more affordable
ClipperCreek introduces low-cost Level 2 home charger for $590
Bosch's $449 electric vehicle home charger is a bargain | The Verge

The second one is a credit that should not have been available this year, but snuck into the budget as payback last year, along with subsidies for NASCAR and other bad law.

The last one may be something that is still viable, but really at the low cost of chargers today, I doubt that credit really would get many businesses to install chargers that will not today.

We could use fewer tax credits, and lower rates. Temporary credits should expire, and need good reasons to be put back into place. The big credit, the battery tax credit for plug-ins is still there, and it should provide all the financial incentives plug-ins need, other than maybe higher oil taxes

 

No credits or subsidies for any person or megacorp (that would be ideal).

 

I go for flat tax with no write off for anything. Makes tax simple with no loopholes. But Rep/Dem would prevent that from ever happening.

 

But we would be lost if the braniacs in Washington were deprived of the tools they need to micromanage and control our lives! And how could those people and megacorps survive without that endless trough of government money?

Gentleman, your ignorant blasphemy hints at a shocking lack of respect for your intellectual and moral superiors. Prepare for an IRS audit! And in the future, you'll be making bricks without straw!

 

I agree. As soon as they disappear, watch the prices tumble.