I have mixed feelings about this. (Not the petition; as CmdrThor notes below, it won't do any good. I'm talking about the EV credit). There are a lot of things I don't like about the way the current credit is structured (I listed about 10 problems with it in another thread), I'm not sure it's going to be necessary much longer, and investing in infrastructure might be more cost-effective (maybe). That said, not everybody seems to understand why it was initially put in to place.
In 2008 the Bush administration was thinking of doing an EV subsidy, so they asked the Government Accountability Office to figure out how much gasoline was subsidized. The answer was $2/gallon; or at average mpg and lifetime miles for vehicles at the time, about $12,000 per car. (Source:
Jolt!)
Note that that calculation was ONLY for hard petroleum subsidies (though it's the common definition of subsidy, which includes things like tax credits). It did not include wars in oil-producing countries, 20k annual deaths in the US from health effects, pollution mitigation, the $85B a year to patrol the Straight of Hormuz, etc.
That $12k was spread over the life of the car, so they figured an equivalent net-present-value amount would be $7,500. That's why we have that for a tax credit on EVs. (Which not everybody gets; I'm retired and didn't have the tax liability when I bought my Model S).
I don't understand why people complain about millionaires getting the EV credit on a Tesla, but don't complain about millionaires getting the EV credit on a LEAF (average income of LEAF buyers is quite high), or getting the petroleum subsidies on a Panamera, or getting the mortgage deduction on a $2M oceanside bungalow. I don't like all the subsidies either, but complaining about just one of them doesn't make sense.
At least the EV tax credits will expire, unlike all the others. And arguably the EV tax credit is doing more to improve our country than the others.