On December 10, E&E Legal joined the American Energy Alliance (AEA), Competitive Enterprise Institute (CEI) and more than 30 other free-market organizations in a letter to Majority Leader Mitch McConnell objecting “to any deal that extends, expands, or enlarges the electric vehicle tax credit,” as the letter says. The joint correspondence goes on to say:
The electric vehicle tax credit is not necessary to support the vehicle market in the United States. It is a $9.7 billion subsidy that, for all practical purposes, serves the wealthy. A recent study found that 79 percent of electric vehicle tax credits were claimed by households with an adjusted gross income of more than $100,000 a year.
The effort was coordinated by AEA, and in their press release they noted, “The electric vehicle tax credit was meant to nurture an infant industry, not provide corporate welfare in perpetuity. The electric vehicle tax credit should be eliminated, but at the very least, Senate Republicans can forcefully reject extending, expanding, or enlarging this dreadful subsidy.
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