ALL ALONG THE WESTERN FRONT, PEOPLE LINE UP TO RECEIVE. But maybe not for long. Congressman & Chevy Dealer Introduces Bill To End EV Tax Credit.“A few days ago, the Washington Post demanded the execution of the $7,500 tax credit for EVs. Republican Congressman Mike Kelly is ready to comply. He introduced H.R. 3768, legislation that would repeal the $7,500 tax credit for plug-in electric drive vehicles. The odd thing is: Kelly is owner of Kelly Chevrolet-Cadillac in Butler, PA. The not so odd thing is: He knows firsthand whether the car is worth tax payer money or not. Kelly does not think so.”
The trouble with politicians supporting their friends with other people’s money is that, if you aren’t their friend, you won’t like the result. Case in point would be the tax credit for “trucks’ that was designed to sell more huge SUV’s (for all I know, this credit is still in force). I know of at least one friend, an architect for Crissake, who bought a new Suburban some years back because “my accountant told me I’d be a complete fool not to do it”. Politicians mess with market forces at our peril.