Jump to content
  • Welcome Guest!

    Founded in 2001, CheersandGears.com is one of the oldest continuously running automotive enthusiast communities on the net. 

    Sign up is free and easy, come join the fun!

  • William Maley
    William Maley
    Sign in to follow this  

    US Government Discontinuing Tax Deduction For EV Charging Stations

    The US government is pulling back on some of their financial support for electric vehicles.

    Coming this Saturday, a tax credit which allows taxpayers to deduct 30% of the cost an electric vehicle charger (good for up to $30,000 in commercial cases) will be discontinued.

    If you're thinking the 30% deduction is a bit high, last year the deduction was set at 50%.

    "The timing of this couldn't be more unfortunate," coming just as more electric cars are on the way." said Genevieve Cullen, vice president of the Electric Drive Transportation Association, a trade group for the electric-vehicle industry.

    Cullen and other proponents have been begging congress to extend the tax deduction, possibly even retroactively if passed in early 2012.

    Source: USA Today

    Sign in to follow this  

    User Feedback

    Recommended Comments

    cost an electric


    the more the market realizes the true cost of what they do, the faster it can correct for previous malinvestments.

    Share this comment

    Link to comment
    Share on other sites

    Your content will need to be approved by a moderator

    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets