For the past three years, President Barack Obama has called upon Congress to raise tax incentives for electric vehicles from $7,500 to $10,000, with those calls going unanswered.
This year, the top Democrat in the U.S. Senate is taking the charge.
The Detroit News reports Senate Majority Leader Henry Reid of Nevada pushed Congress to boost the incentives — and, therefore, EV sales — proclaiming the government needed to do more to encourage sales:
In order to truly promote innovation, we must as a Congress create opportunities for consumers to invest in advanced technologies, and we haven't done that yet. We need more tax incentives for that. In 2008, we encouraged America to invest in the growth of the electric car industry with tax credits for qualified electric vehicles.
The extra $2,500 would provide dealers an opportunity to claim credits so long as they disclosed that info to their customers, which would then give said customers a chance to claim the credits at the point of sale, instead of filing a claim with their taxes the following year.
The post Sen. Reid Calls Upon Congress To Raise EV Tax Incentives appeared first on The Truth About Cars.
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