Friday, April 4

Promoting Electric Vehicle Adoption: Automakers Rally to Maintain US EV Tax Credits

### Summary:
– Ford, GM, and other automakers are advocating to maintain the US EV tax credits, particularly the leasing incentive.
– The current tax credits include a $7,500 rebate for new EV purchases, a $7,500 rebate for EV leasing, and a $4,000 rebate for used electric cars.
– Automakers argue that these incentives are crucial to drive consumer adoption of electric vehicles.

### Author’s Take:
The push by Ford, GM, and various automakers to retain US EV tax credits, with a specific emphasis on the leasing incentive, highlights the industry’s commitment to promoting electric vehicle adoption. Maintaining these credits could be pivotal in accelerating the transition to cleaner transportation and reducing emissions in the long run.

Click here for the original article.