{"id":89419,"date":"2019-04-10T13:43:39","date_gmt":"2019-04-10T20:43:39","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2019\/04\/us-lawmakers-begin-push-to-expand-federal-electric-vehicle-tax-credits"},"modified":"2019-04-10T13:43:39","modified_gmt":"2019-04-10T20:43:39","slug":"us-lawmakers-begin-push-to-expand-federal-electric-vehicle-tax-credits","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2019\/04\/us-lawmakers-begin-push-to-expand-federal-electric-vehicle-tax-credits","title":{"rendered":"US lawmakers begin push to expand federal electric vehicle tax credits"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/us-lawmakers-begin-push-to-expand-federal-electric-vehicle-tax-credits.jpg\"><\/a><\/p>\n<p>The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars. The tax credit for Tesla buyers was halved to $3,750 on Jan. 1; <a class=\"\" data-gdsid=\"75973\" data-inline-quote-symbol=\"GM\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=GM\">General Motor\u2019s<\/a> tax credit was likewise cut in half starting April 1.<\/p>\n<p>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.<\/p>\n<p>\u201cAt a time when climate change is having a real effect on Michigan, today\u2019s legislation is something we can do now to reduce emissions and combat carbon pollution,\u201d Sen. Debbie Stabenow, D-Mich., one of the sponsors of the legislation, said in a statement. \u201cOur bill will help create American jobs and cement Michigan\u2019s status as an advanced manufacturing hub.\u201d<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2019\/04\/10\/tesla-shares-jump-as-lawmakers-begin-push-to-expand-ev-tax-credits.html\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div style=\"clear:both;\">Read more<\/div>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars. The tax credit for Tesla buyers was halved to $3,750 on Jan. 1; General Motor\u2019s tax credit was likewise cut in half starting April 1. The bill, dubbed the Driving America Forward Act, would [\u2026]<\/p>\n","protected":false},"author":513,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[493,1878,17],"tags":[],"class_list":["post-89419","post","type-post","status-publish","format-standard","hentry","category-climatology","category-employment","category-sustainability"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/89419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/513"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=89419"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/89419\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=89419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=89419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=89419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}