According to Reuters, White House economic adviser Larry Kudlow said that the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources. “As a matter of our policy, we want to end all of those subsidies,” Kudlow said. “And by the way, other subsidies that were imposed during the Obama administration, we are ending, whether it’s for renewables and so forth.”
No timeline was given. “It’s just all going to end in the near future,” Kudlow said. “I don’t know whether it will end in 2020 or 2021.”
Credits for electric vehicles range from $2,500 to $7,500 – depending on the car’s size and battery capacity – but they are capped at 200,000 vehicles per manufacturer. Tesla had hit that threshold in July 2018. On January 1, 2019, the credit is halved for the first six months and then further reduced to $1,875. The credit will expire for Tesla customers in January 2020.
Other automakers still have a few years before their EV sales reach the quota.
Tesla and GM have lobbied Congress for months to lift the cap on electric vehicles or make other changes. With the Democrats taking control of the U.S. House in January 2019, there is hope in the industry that subsidies for electric cars will continue to be offered, along with new incentives.
In October, Senator Dean Heller proposed lifting the current cap on electric vehicles eligible for tax credits but phase out the credit for the entire industry in 2022. Two other senators in September proposed lifting the per manufacturer credit and extending the benefit for 10 years.
White House also aims to get re-elected.
Guess neither will happen.
Just like when everyone thinks he will lose in a landslide right? People are tired of the leftist ideology. France is burning because of it. Subsidy for The well to do is not exactly sustainable just like this renewable energy crap.
The prime directive of this WHITE House is to remove anything with Obama’s name on it… Racist pigs.
No need for the language. Let’s not turn this into something else
Of all the falsehoods typed here, this is what you take issue with?! I’m just happy to see him typing anything other than his usual boring rubber stamp. As for the article, it seems like the dinosaurs are trying to take everyone with them this time around.
Yes. It’s not a political venue. We don’t mind debates without derogatory words.
And what falsehoods are we talking about?
Sadly, the derogatory words are true. As for falsehoods, there’s a lot of unsubstantiated criticism of an historically successful brand. I do try to come here to learn, but generally its hearsay & name-calling (Senne, Central lifestyle & Matt Stokes are exceptions). But I shouldn’t be criticising or name-calling – I’m one of the trolls!
We try to moderate bad comments. Can’t always catch all of them.
Not possible on the internet.
Stop All Subsidies. Boeing 13 billion, GM 3 billion, shell 2 billion, Google 600 million, Walmart 150 million and the subsidies continue. Alternative/renewable energy receive millions vs billions for oil companies. Top 50 oil companies gross 5 trillion per year. Either make the playing field the same or Stip All Subsidies!!!!!