Policy · 117th Congress
EV tax credit may be out of reach for most consumers
The tax credits may ultimately benefit few consumers in the short term while the industry pushes to increase domestic manufacturing.
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The tax credits may ultimately benefit few consumers in the short term while the industry pushes to increase domestic manufacturing.
That $1.75 trillion legislation, which analysts say would amount to the biggest climate bill in U.S. history, is well short of the $3.5 trillion bill President Joe Biden and many congressional Democrats
And it would require the Interior Department to hold offshore wind lease sales in federal waters in the eastern Gulf of Mexico and off the coasts of North Carolina, South Carolina, Georgia and Florida
Mike Coffin, an analyst with the London-headquartered climate finance group Carbon Tracker, said short-term goals are critical. “It’s how we get to net-zero that matters,” Coffin said.
The report recommends a national “sales standard” to sell nothing but zero-emission cars by 2035 and heavy-duty trucks by 2040, paired with an emphasis on a nationwide electric vehicle charging network