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Trump Administration Wants To End Subsidies For Electric Cars, Renewables (reuters.com)
White House economic adviser Larry Kudlow said on Monday that the United States wants to end subsidies for electric cars and other items including renewable energy sources. "Asked about actions planned after General Motors announced U.S. plant closings and layoffs last week, Kudlow said he expected subsidies for buying electric cars will end in 2020 or 2021," reports Reuters. "Kudlow said the Trump administration will end other subsidies, including on 'renewables.'"
That's completely false. Even in areas where the electricity is generated by coal, they still result in lower emissions than gas cars. And as the electric grid gets cleaner, the cars get cleaner. Also, a significantly higher percentage of EV owners install solar, so much of the power is completely emissions free.
The Federal $7500 EV subsidy was structured as a tax credit. To take full advantage of the credit, you had to owe at least $7500 on your Federal taxes the year you bought/leased the EV. If you look at the 2016 IRS tax stats, you had to make about $80k/yr (column O*1000 / column N) to receive the full credit, which would put you in the top third of the U.S. by income. Someone making the U.S. median income of $59k would only receive about $4500. Or put another way, the subsidy makes that Leaf cost $3k less for the guy making $80k+ than it does for someone making $59k.
If you don't like EVs, you should be for repealing the subsidy because you don't think EVs should be subsidized.
If you like EVs, you should be for repealing the subsidy because it unfairly benefits wealthy people.