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Republican Congressman Calls for the End of the $7,500 Electric Vehicle Tax Credit
On December 30th, Republican congressman Mike Kelly from Pennsylvania introduced H.R. 3768, a piece of legislation that would repeal the $7,500 tax credit for electric vehicle buyers. Representative Kelly thinks that electric vehicles are just fine — even though he once stated there was no market for the Chevy Volt — but he doesn’t think taxpayers should have to help pay for them. Funny thing is, Kelly owns a Chevrolet and Cadillac dealership where they aren’t selling the Volt. Kelly is also one of the 25 richest members of congress according to theThe Washington Post. He’s worth about $34 million, and he made most of his money investing in oil and gas stocks.
Kelly wrote an op-ed in USAToday in early December that said, “this is not to say I don’t support the development of electric cars. I do, but not at taxpayer expense.” Kelly went on to detail his feelings about the incentive, “the misuse of taxpayer dollars to promote the electric vehicle is emblematic of the Obama administration’s overall misunderstanding, and ultimate manipulation, of the free market principles that undergird our economy. President Obama has become the ‘Venture Capitalist in Chief,’ gambling hard-earned taxpayer dollars in green projects and industries that are more politically than performance driven.”
This attempt to repeal the largest federal tax credit for low-emissions vehicles comes after three major green vehicle tax incentives were repealed. At the end of 2011, the up to $1,000 for installing a home EV charging station, the up to $2,500 for buying a vehicle with two or three wheels that has a 2.5-kWh batteries or larger and the up to $4,000 for converting a hybrid or plug in hybrid electric to total EV power were all scraped off the books. Only the up to $7,500 tax credit for buying a plug in electric vehicle remains and will only stick around until each automaker sells 200,000 of their EV models at which point it too will disappear.
It seems Kelly isn’t content to wait for that moment – he wants that tax incentive out now. We’re thinking that Kelly’s financial incentives for keeping the oil industry slick have more than a little to do with his crusade against oil-free personal transportation.
Via Autoblog Green
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