Print 34 comment(s) - last by room200.. on May 7 at 5:35 PM

He wants to make EVs more attractive to middle class Americans

For the most part, mainstream consumers aren’t exactly flocking to electric vehicles since they aren't always practical for everyday use. Two of the biggest downsides to EVs include a higher MSRP compared to a comparable gasoline-engine vehicles and a limited driving range before it must be recharged.
The U.S. government already offers a tax credit of $7,500 on eligible EVs to help soften the blow when it comes to pricing, and one congressman wants to further increase that federal tax credit.
Vermont Rep. Peter Welch (D) announced this week that he wants to make it easier for consumers to purchase EVs by increasing the tax credit to $10,000 via the Electric CARS Act.
In addition to boosting the credit by $2,500, it would allow the tax credit to be applied at the point-of-sale instead of when the individual’s taxes are filed. The bill would also be tailored to better accommodate “many middle-income Vermonters do not have enough tax liability to qualify for the full tax credit.”

Vermont Rep. Peter Welch plugging in a Ford Fusion Energi
“One of the biggest contributors to climate change in Vermont and across the country is vehicle emissions. It is essential that we transition to cleaner, more efficient transportation like electric vehicles,” said Rep. Welch said an electric vehicle charging station near the Vermont Statehouse.
“The battery life and fuel efficiency of electric vehicles are steadily improving making them more accessible and practical to drive. This legislation will make them more affordable while saving Vermonters money at the gas pump and reducing their environmental footprint.”
Welch says that he plans to introduce new legislation to increase the EV tax credit when he returns to Washington.
It should be noted that Rep. Welch isn’t the only politician that has called for an increase in the federal tax credit for EVs. President Obama also called for increasing the credit to $10,000 back in 2012.

Sources: Christian Science Monitor, Congressman Peter Welch's Office Website

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National Debt?
By bitmover461 on 5/5/2014 10:32:53 AM , Rating: 2
Aren't we $17 TRILLION dollars in debt? And this clown want the federal government to essentially BUY PEOPLE CARS? This is liberal insanity at its zenith.

RE: National Debt?
By room200 on 5/5/2014 2:42:05 PM , Rating: 3
and yet, you never see you complaining about the conservative insanity of farm subsidies or oil subsidies. I have yet to see Mick do an article complaining about republicans who support THAT nonsense.

Your're not upset that about this; you're upset that it's not subsidizing what YOU want even more.

RE: National Debt?
By Griffinhart on 5/5/2014 4:59:51 PM , Rating: 2
There are many people just as angry about farm subsidies. though I can't see why DailyTECH would cover farm subsidies. Daily tech specifically covers Auto's as a part of its coverage.

RE: National Debt?
By catavalon21 on 5/5/2014 10:01:36 PM , Rating: 2
I would be happy to discuss farm subsidies (and why I personally think they're a bad idea), but this isn't the forum. To each our own.

RE: National Debt?
By Spuke on 5/5/2014 11:03:04 PM , Rating: 2
Isn't the the farm subsidy to keep them from over farming the land so we don't get another Dust Bowl?

RE: National Debt?
By Griffinhart on 5/6/2014 1:12:24 PM , Rating: 2
Isn't the the farm subsidy to keep them from over farming the land so we don't get another Dust Bowl?

No, It's mostly to keep food prices artificially high. The lower the price of food, the more subsidies are triggered. It's to guarantee a price floor.

RE: National Debt?
By Sazabi19 on 5/7/2014 4:02:59 PM , Rating: 2
Jason has done several articles on corn farmers getting subsidies. You need to read more.

RE: National Debt?
By room200 on 5/7/2014 5:35:10 PM , Rating: 2
You should do the same. He's not writing the article with a bias as he always does with the EV articles. It's usually "ethanol lobbyists say this" or "corn growers say that". The articles are written totally different.

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