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Eliminate the Electric Vehicle Credit: New at Reason

For manufacturers of Electric vehicles, you might expect the accomplishment of moving their 200,000th unit to be met by celebration. However, because the threshold triggers the reduction of a juicy federal handout that props up Electric Vehicle sales, observes Veronique de Rugy, we're getting hand-wringing instead. There's even a push to expand the giveaway and keep taxpayers on the hook in perpetuity.

Congress failed to fully utilize the opportunity afforded by last year's tax reform to end the electric vehicle tax credit and other programs that force all taxpayers to subsidize the activities of a tiny few. At a minimum, de Rugy argues, Congress should avoid compounding that error and resist the call of special interests to expand electric vehicle subsidies.

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This post first appeared on FREEDOM BUNKER: The Best Libertarian News And Chat, please read the originial post: here

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Eliminate the Electric Vehicle Credit: New at Reason

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