Tax Credits For Sales of EVs

The Congressional Budget Office issued a report on this subject.

Here’s the CBO blog on it, which includes:

The direct effect of the credits is to subsidize purchases of electric vehicles—including purchases that would have been made even without the credits. Those people who purchase electric vehicles because of the tax credit use less gasoline and produce fewer emissions of greenhouse gases than would otherwise be the case. The cost to the government of those direct reductions is somewhat higher than the comparable costs of other policies aimed at the transportation sector.

Here’s the press release page (from which you can download, free, the PDF of the full report). It includes:

Assuming that everything else is equal, the larger an electric vehicle’s battery capacity, the greater its cost disadvantage relative to conventional vehicles—and thus the larger the tax credit needed to make it cost-competitive.

Source: http://electricalcontractor.com/?p=6208

electrical work electrical job electrical tools electric work electrical services