The Electric Vehicle Tax Credit Is Dead — And Should Stay That Way

At the conclusion of 2018 — perhaps resulting from the ongoing government shutdown — Congress managed to do the unthinkable: they actually allowed a bad government program to expire. Of course, in Washington bad ideas never die (they just hibernate), so in preparation for when Congress reconvenes, here is why the electric vehicle tax credit is a zombie that should stay dead. The now-expired electric vehicle tax credit awarded “a $7,500 tax credit for [electric vehicle] purchasers, along with zero emission vehicle (or ZEV) credits for manufacturers.” On the consumer level, the benefits of this spending program were almost exclusively