The future of a federal tax credit that provides up to $7,500 to buyers of electric cars is questionable, as lawmakers in the U.S. Senate have unveiled a pair of bills that would either end the program or boost the cap on the number of credits per automaker can be used.
A measure by U.S. Sen. John Barrasso, R-Wy., would eliminate the tax credit for electric cars and institute a new tax on electric cars and alternative fuel vehicles to boost the coffers of the federal Highway Trust Fund that is used to pay for construction projects. A separate measure by U.S. Sen. Dean Heller, R-Nev., would keep the electric vehicle tax credit in place and lift the cap that is looming over General Motors Co. and Tesla Inc.
Read the article at The Detroit News.
The post To Be or Not To Be: The Future of Electric-Car Tax Credit appeared first on Fleet Management Weekly.
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