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Electric Car Tax Credit Unlikely In Spending Deal, Stabenow Says

Dec. 16, 2019, 7:23 PM

House and Senate leaders negotiating a tax measure in government spending bills are unlikely to include an extension of a consumer tax credit for the purchase of electric vehicles after opposition from President Trump, Senator Debbie Stabenow says in interview.

  • “There has been extreme resistance from the president,” says Stabenow, a Democrat of Michigan and a strong champion of the credit. “It’s going to be very difficult”
  • NOTE: The extension, sought by companies such as Tesla and General Motors, would have lifted a manufacturer cap on the credit
    • Current $7,500 per-vehicle incentive for consumers phases down once a manufacturer ...