Why Added Federal Tax Incentives For EVs Are Ridiculous In 2021
We examine the reasons why renewed federal tax incentives for EVs are no longer needed.
Advertisement
The idea behind using federal tax reduction incentives to spur green vehicle sales and production for the US market had merit when it was introduced decades ago. The general goals were to make the pricey cars more attainable for mainstream buyers and give automakers some time to reduce the cost of extremely expensive EV battery technology. It’s easy to say both goals have been achieved. Here s our look at why adding more federal EV tax incentives is ridiculous given today s American car market.