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EDITORIAL: Kill the EV tax credit by 2025
- Magazine Article
- 19AUTP03_06
Sector:
Language:
- English
Topic:
What role should government play in shifting consumer demand to cleaner forms of mobility?
For the past decade, federal tax credits of up to $7,500 have helped woo a miniscule percentage of U.S. buyers into the plug-in electric-vehicle (EV) fold. The tax credits were key to the Obama administration's plan to have 1 million EVs on the road by 2015. That goal wasn't achieved until 2018, when U.S. market share of EVs reached a heady 2.1%-up from 0.62% in 2013.