The Trump administration is moving to eliminate tax credits for buying battery cars. The Left and their news writers don’t like this.
The removal of the credit, created to incentivize US consumers to purchase electrified vehicles, would likely lead to a drop in EV sales and production.
NSS. The credit was created explicitly to “encourage” purchase of battery cars. On the other hand, Lauren Fix, a co-host of Talk 2 DIY Automotive, has this:
Getting rid of this $7,500 tax credit should not impact [Tesla] sales. People buy Teslas because they like the product…. They know what their customers want, and those that like Teslas will continue to purchase that product.
And [phrase substitutions in the original, emphasis added]
Once that tax credit goes away, I’m expecting [electric vehicles] to be about 2% of sales. There will still be electric vehicle sales, Tesla will still survive, and [Elon Musk] will do well. And other brands will make what consumers want.
There’re hints there. Get rid of government-created market distortions, and the market will produce economically viable products at far less cost without our tax dollars added in. That product mix will include plenty of battery cars as soon as they become technologically and economically viable—and are what us consumers want at prices we’re willing to pay without taxpayer handouts.