Chevrolet Bolt EV Concept
2016 Chevrolet Volt
One of the latest bits of news from the White House is a proposition to increase electric vehicle tax incentives from the current $7,500 to $10,000.
The other idea is to expand the tax credit to other types of vehicles like compressed natural gas and to convert the credit to a point-of-sale rebate.
"Separately, the White House is again proposing boosting electric vehicle tax incentives to $10,000 — up from the current $7,500 — and expand it to other advanced technology vehicles like compressed natural gas. It wants to convert the credit to a point-of-sale rebate. But that proposal has gone nowhere."
$10,000 is a lot of coin. If there really is a 200-mile EV for $35,000 on the horizon for 2017, then the price of current EVs with less than 100-miles of EPA range will come down and sales will go up anyways, right?
But the point-of-sale rebate (versus tax incentive) is something we're definitely behind.
The White House has pushed for both the $10,000 amount and the point-of-sale switch in previous years, but both proposals were shot down. We fully expect this denial to again be the case this year.
Source: The Detroit News