"Electric Vehicles: EV Tax Credit Fight Sparks Lobbying Frenzy"

"Automakers are expanding lobbying efforts to extend the federal tax credit for buying electric vehicles, as the oil industry and conservatives push back against further incentives.

General Motors Co. and Tesla Inc. both disclosed hiring lobbying firms recently to focus on advocating for the "Driving America Forward Act," bipartisan legislation that would augment an existing $7,500 consumer tax credit on each company's first 200,000 electric cars with a $7,000 credit for the next 400,000 cars. Both companies recently became ineligible for the credits.

Other automakers; the industry's main trade associations, the Alliance of Automobile Manufacturers and the Association of Global Automakers; electric utilities; and environmentalists have also been pushing lawmakers to pass the bill since its introduction in April in both chambers of Congress."

Timothy Cama reports for EnergyWire July 31, 2019.

Source: EnergyWire, 08/01/2019