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  • William Maley
    William Maley
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    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


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    cost an electric

    ;)

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

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