Trump wants to end $7,500 electric car tax credits, members of Congress move to stop him

[TexasTowelie]

WASHINGTON — President Donald Trump has proposed ending tax credits to encourage the purchase of electric cars but a bipartisan group in Congress moved Wednesday to stop him.

U.S. Sens. Debbie Stabenow and Gary Peters, both D-Mich., as well as Sens. Lamar Alexander, R-Tenn., Susan Collins, R-Maine, and U.S. Rep. Dan Kildee, D-Flint Township, instead proposed legislation that would expand the credits.

"Today's legislation is something we can do now to reduce emissions and combat carbon pollution," said Stabenow, who has long pushed to protect the tax credits intended to encourage people to purchase vehicles powered by electricity or hydrogen fuel cells. "Our bill will (also) help create American jobs."

Under the current regulations, consumers purchasing eligible electric-powered vehicles can receive a tax credit of up to $7,500. The Trump administration has said getting rid of that credit could allow the U.S. Treasury to bring in another $2.5 billion.

[PoindexterOglethorpe]

1. And how much do those electric cars cost in the first place?

For me, a $35,000 car is NOT affordable. That's double what I recently paid for my Honda Fit.

Okay, so give a tax credit of some kind on the cheapest versions of electric cars, but phase them out as the price gets higher. If you can afford a car that costs above $60k, then you can do without the tax credit. Or buy a car you can afford.