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Increase the EV tax credit cap per manufacturer

Discussion in 'Mid-Atlantic' started by CHRGIT, Apr 5, 2016.

  1. CHRGIT

    CHRGIT Member

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    Increase the EV tax credit cap per manufacturer. | We the People: Your Voice in Our Government

    we petition the Obama administration to:
    Increase the EV tax credit cap per manufacturer.
    Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks.

    The credit begins to phase out for a manufacturer’s vehicles when at least 200,000 qualifying vehicles have been sold for use in the United States.

    A significant amount of consumers across the United States this past week have made the choice for an electric vehicle over a fossil fuel vehicle. Many of those consumers will be ineligible for the credit because of the phase out and many more will decide not purchase an electric vehicle because certain manufacturers will exceed the 200,000 vehicle cap.

    We ask the White House to help change legislation to increase the tax credit cap in order to further promote the use of alternative fuels.
     
  2. geovision

    geovision Member

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    Done, thanks for the heads up!
     
  3. Saghost

    Saghost Active Member

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    I never really thought the per manufacturer rule made much sense. Make it one big pool of say a million credits, going to whichever company sells them first.

    Otherwise Honda or Subaru can wait a couple more years for prices to drop, and then cut the bottom out of the market using their untouched pool of credits.
     
  4. stopcrazypp

    stopcrazypp Well-Known Member

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    Yeah, I like this idea more than simply increasing the per manufacturer cap. The current system encourages sitting on your butt doing nothing and then coming in and having a huge advantage over those that did most of the hard work earlier.
     
  5. DiamondDave

    DiamondDave Member

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    Signed! Thanks for taking action.
     
  6. Enadler

    Enadler Member

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    Agreed. The credit should be adjusted to a single industrywide pool or barring that I believe there should be a sunset date of say 2020. Let's get the laggards off their butts. The manufacturers who are slow to the table should not get the benefit of the credit to enhance sales if they are not taking the risk.
     
  7. kort677

    kort677 Active Member

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    florida.
    in the current political arena an extension of the EV tax credit is going to be a tough sell.
    the media and some politicians have tagged Teslas as "toys" for the wealthy and some politicians are demagoguing the issue, making it part of the make the so called wealthy pay more in taxes in order to fund their free for all schemes.
     

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