Experts Say Killing Electric Car Tax Credit Would Punish Consumers and Hurt Economy

Trump may be trying to punish General Motors with his threat to kill a federal subsidy for electric vehicles, but it might be consumers who would feel the most pain, auto experts say.

Eliminating the $7500 tax credit would slow the EV market by making vehicles more expensive, says David Reichmuth, a senior engineer in the Clean Vehicles Program at the Union of Concerned Scientists. Automakers are still going to invest in dozens of new electric models to sell in markets such as Europe and China, Reichmuth says.

Read the article at Consumer Reports.

The post Experts Say Killing Electric Car Tax Credit Would Punish Consumers and Hurt Economy appeared first on Fleet Management Weekly.

from Fleet Management Weekly https://ift.tt/2rsydMG

Sourced by Quik DMV - CADMV fleet registration services. Renew your registration online in only 10 minutes. No DMV visits, no lines, no phone mazes, and no appointments needed. Visit Quik, Click, Pay & Print your registration from home or any local print shop.