Though no legislation has been passed yet, California officials have made it clear they want to outlaw automobiles powered by internal-combustion engines. But it’s a near certainty they won’t be able to secure an all-electric fleet within their timetable no matter how much they want it to happen. Democratic state Assemblyman Phil Ting of San […]
In his study, Winegarden examines what local, state, and federal governments are spending on subsidies for electric car purchases and manufacturing, and the installation of charging stations. According to his research, 79 percent of electric vehicle plug-in tax credits were claimed by households with adjusted gross incomes of greater than $100,000 per year. Households with […]
There are also distributional impacts from these EV subsidies. IRS Statistics of Income data illustrate that, for the 2014 tax year, 78.7 percent ($207.1 million) of the federal consumer tax credits were received by households with an adjusted gross income (AGI) of $100,000 or above. A further 20.5 percent of the tax credits ($54.1 million) […]