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Trump's proposed 2020 budget would end electric-car tax credits

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2019 Chevrolet Bolt EVThe federal electric-car tax credits survived the most recent tax overhaul legislation in 2018, but they're back in the crosshairs. U.S. President Donald Trump's proposed budget for the 2020 fiscal year includes the end of the tax credits for consumers who purchase a qualifying electric vehicle. The Detroit News reported on the budget proposal on...

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Posted (edited)

May be I missed something here, but isn't the cost of early adopters of any new technology almost always result in higher initial costs over the established market price of a more common technology or commodity? So who said that electric vehicles had to be on par, pricewise, with decades-old internal combustion engine technology?

Edited by Frosty

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