A Bipartisan Bill Is Introduced To Retain And Expand The Federal Electric-Car Tax Credits

(FORBES) Jim Gorzelany, April 10, 2019

A bipartisan coalition introduced a bill in Congress today that would extend the one-time federal tax credit for buyers of electric, plug-in hybrid, and hydrogen-powered vehicles. The Driving America Forward Act, as it’s called, is sponsored by Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05). It’s also supported by no fewer than 60 organizations, including automakers, environmental organizations, and electric vehicle suppliers.

“Ten years ago there were no mass produced electric cars on US. highways, and today, there are about one million and automakers are planning to make millions more,” says Senator Alexander. “Investing in American research and technology for better electric vehicles is one way to help our country and the world deal with climate change. I’m glad to cosponsor this important legislation, which will encourage even more production of electric vehicles, create good jobs and boost the economy.”

Source: Forbes