eleven24
Member
the best chance of an EV tax credit coming back by way of some bill is if it is part of the Infrastructure Bill, which again, I think is most likely to be passed by the Dems on reconciliation basis.
Personally, living in the Northeast, I want the infrastructure bill passed just so we can get some of these pothole laden roads filled! I suspect to get that done the EV credit would be likely one of the first concessions made by the Democrats, though I hope not.
Biden's initial proposal was $174 billion on the EV infrastructure. My assumption would be that means not only the EV tax credit, but also the charging network, and perhaps manufacturer incentives. Republicans countered with $4 billion. I'd say they're pretty far apart. However, Obama's EV funding was $2.4 billion back in 2009 and that got the initial tax credit. Pretty sure all of that $2.4B went to EV tax credits. There is an argument to be had for providing the consumer with $4B in credits and leaving the manufacturers and 3rd parties to build out the rest of the infrastructure.