For manufacturers of electric vehicles, you might expect the accomplishment of moving their 200,000th unit to be met by celebration. However, because the threshold triggers the reduction of a juicy federal handout that props up electric vehicle sales, observes Veronique de Rugy, we’re getting hand-wringing instead. There’s even a push to expand the giveaway and keep taxpayers on the hook in perpetuity.
Congress failed to fully utilize the opportunity afforded by last year’s tax reform to end the electric vehicle tax credit and other programs that force all taxpayers to subsidize the activities of a tiny few. At a minimum, de Rugy argues, Congress should avoid compounding that error and resist the call of special interests to expand electric vehicle subsidies.
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