Published on March 13th, 2018 | by Nicolas Zart0
Frustrated Electric Car Drivers Ask To Lift Cap On Electric Car Tax Credit
March 13th, 2018 by Nicolas Zart
Not too surprisingly, Plug In America is reporting that frustrated electric vehicle (EV) drivers are asking for the lifting of the EV tax credit cap.
Banning The EV Tax Credit Cap
Plug In America (PIA) has been on the forefront of the EV revolution since last century. Very active as an EV advocacy group in the US, PIA is letting everyone know that a lot of EV drivers are asking for the lifting of the tax credit cap.
Essentially, PIA is representing EV drivers demanding that Congress represent their needs and not simply those of corporations. The group asks that Congress lifts the cap on the famous $7,500 federal tax credit. What this means is that the credit currently in place would work for a longer timeframe and help more people than it does now, not just the first 200,000 ones.
EV drivers and hopefuls complain that the credit applied for leases and purchases stop after the 200,000th EV was sold to a particular automaker. So why shouldn’t more people access cleaner cars that are cheaper to operate in the mid- to long-term?
In order to further drive its weight to drop that tax rebate production number cap, the Tax Extender Act of 2017 S.2256 includes a two-year extension of the 30% tax credit for EV charging infrastructure for homes and businesses and the 10% tax credit for 2-3 wheeled electric motorcycles. Both credits are retroactive to include purchases made since Dec. 31, 2016.
Pushing Authorities To Watch Out For The Consumer
Joel Levin, Executive Director of PIA, said, “Tesla and Chevrolet will both hit their limit soon and others like Nissan are not far behind. We need to seize every opportunity we can to tell Congress to lift that cap now. This will ensure that more plug-in electric vehicles get into consumer’s hands faster and more affordable while creating good paying jobs for Americans and helping local economies.”
Although it’s sad to see that decades later, independent groups are still needing to apply pressure on governments to represent their constituents, we’re happy to see the amazing job PIA has done over the decades and continues to do so. Check out how you can become a member of Plug In America and help Congress reclaim its true priorities of facilitating the mass adoption of EVs.