PETITION: Increase the EV tax credit cap per manufacturer!

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patrick0101

Active Member
Joined
Apr 4, 2016
Messages
37
Location
USA
Tesla Owner
Model X
Country
Country
#4
The fact that EVs are only a fraction of one percent of cars on the road and there is already a manufacturer that must deal with the end of incentive logistics is stupid.

If the law were to be revamped, how could it be better? The ideas that I've heard are:
1) Make it a point of sale incentive instead of a tax rebate
2) Make it $10k

Additionally, I think other changes are needed:
1) The limit should not be per manufacturer.
This penalizes the companies that are early to embrace and promote the technology. If the goal is to have more EVs on the road, then it should not matter which manufacturer makes them. Let the market/buyers decide which vehicles they want on a level playing field.

2) The limit should not be some arbitrary number of vehicles sold, rather it should be in-place until 2% of all new vehicles are PEV.
Why 2%? Hybrids have been in the 2%-4% of the market for years now. This is a enough of a sales volume to have an ongoing market. Let me be clear, I think PEVs will continue to grow far beyond this level, but there no way that *any* incentives should be stopped before this sales volume.

3) The incentive should go down 15% per year after hitting the 2% mark.
The 50% reduction that it has now is a big drop. With the current system, if you miss an end of quarter delivery date by a day, it could cost you $3750. Smaller steps at an annual rate is a smooth transition to the incentive free market.
 

Tim

Member
Joined
Apr 4, 2016
Messages
19
Location
California
#5
I signed the petition last week. By the way, your thoughts on revising the current cap at 200K should be conveyed to members of congress sympathetic to the support of electric vehicles.
 

HanSolo

Active Member
Joined
Apr 25, 2016
Messages
45
Location
Cincinnati, OH
#15
I'm not signing. Taxpayers shouldn't be forced to subsidize the cost of luxury cars for people who are generally more well off than the average family. There are so many better things we can spend that money on. That subsidy was to stimulate demand and thus encourage manufacturers to build EV's. With there being 400k preorders for the M3, demand is not an issue.
 

thecatdad

Active Member
Joined
Apr 8, 2016
Messages
30
Location
Mentor, Ohio
#16
I'm not signing. Taxpayers shouldn't be forced to subsidize the cost of luxury cars for people who are generally more well off than the average family. There are so many better things we can spend that money on. That subsidy was to stimulate demand and thus encourage manufacturers to build EV's. With there being 400k preorders for the M3, demand is not an issue.
Fair point. There are literally tens of thousands of things I don't believe tax payers shouldn't have to subsidize. I choose to get more distraught by the TSA spending hundreds of thousands of tax dollars on an app that randomly generates numbers. As an example...

But don't forget about the subsidies received by oil companies! From Mother Jones:

  1. "Taxpayers currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies—ExxonMobil, Shell, Chevron, BP, and ConocoPhillips—which get an average tax break of $3.34 on every barrel of domestic crude they produce.Apr 14, 2014"
So I'm just trying to help counteract that somewhat.
 

Steve

Active Member
Joined
Apr 14, 2016
Messages
65
Location
Modesto, CA
#17
I signed the petition a couple of days ago. I understand the desire not to subsidize various items. However, we all (if we pay taxes) "subsidize" many things that an individual may not use. I look at this subsidy as a way to encourage those of us who would be planning to spend $35,000 or of course more for a Model S or X as a way to decide to go electric rather than buying another ICE car.