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Congressmen propose more federal cash for Tesla and GM's electric vehicles
CNBC ^ | 4/10/2019 | CNBC

Posted on 04/10/2019 9:46:50 AM PDT by Lurch Addams

A bipartisan group of lawmakers plans to introduce a bill to expand federal tax credits for buyers of electric vehicles, in what could be a boon for the growing EV market.

The bill, dubbed the Driving America Forward Act, would grant each automaker a $7,000 tax credit for an additional 400,000 vehicles after it exhausts the first 200,000 vehicles eligible for tax credits. It would shorten the phase-out schedule to nine months. The credits are paid directly to consumers, who can write them off on their tax returns.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: automobiles; congress; musk; tesla
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To: Lurch Addams

One of many companies that would not be able to survive absent BIG PUBLIC SUBSIDIES.

In a very real sense, capitalism is already dead.


21 posted on 04/10/2019 12:22:27 PM PDT by Buckeye McFrog
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To: Lurch Addams

No No and Heck NO!!!


22 posted on 04/10/2019 12:33:53 PM PDT by NormsRevenge (Semper Fi - Monthly Donors Rock!!!)
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To: Bonemaker

Yup. But they won’t fund the wall


23 posted on 04/10/2019 5:00:45 PM PDT by Nifster (I see puppy dogs in the clouds)
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