With the Edison Electric Institute celebrating 1 million electric vehicles on U.S. roads with a forum event in Washington, D.C., let’s talk, again, about some EV realities – which is important as the buzz around EVs grows. Let’s discuss subsidies, real consumer costs, emissions and batteries.
Who’s Being Subsidized for Buying EVs?
This is a thorny question for policymakers because of the current $7,500 federal tax credit for EV purchasers. There also are several state and local tax subsidies.
The U.S. Energy Information Administration reports that two-thirds of households that buy EVs have annual income in excess of $100,000, nearly twice the nationwide average.
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