GOOD NEWS: Want a Tax Credit for Buying an Electric Vehicle? Move Fast

Since 2009 the United States federal government has created an unlevel playing field in the car industry by providing a significant tax break to those who purchased an electric car. This in spite of the fact almost 50% of the subsidy money goes to California. The subsidy was put in place to help put more supposedly environmentally friendly cars out on America’s roads. Unfortunately this meant the government was picking winners and loser –a decidedly anti-capitalist strategy. The great news however, is that President Trump made it clear earlier this year he was opposed to these subsidies. With President Trump’s support and the help of groups like the American Energy Alliance, when the 2020 federal budget was passed, this subsidy was not extended. To read more details about this topic, click on this link.

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