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To: Pelham

I really like Musk, hope he succeeds.


21 posted on 09/30/2018 5:30:17 AM PDT by gaijin
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To: gaijin

I hope he succeeds too, but without more public subsidies:

27 Sept: The Hill: Electric carmakers turn to Congress as tax credits dry up
By Miranda Green
Electric car manufacturers are only allowed to offer a federal tax break on their first 200,000 vehicles sold under a 2009 law, and many are now hitting that cap, most notably Tesla...
That’s setting off a fight in Congress, where Democrats are eager to extend the breaks and help the growing electric car industry but Republicans hope to end what they see as an unnecessary subsidy...
In the letter, the groups pointed to a 2018 study that found that nearly 80 percent of the electric car tax credits filed in 2014 were given to households with an average income of $100,000 or higher...

Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute (CEI), said Republicans don’t always follow through on eliminating green tax breaks. He called the debate over car credits a “test case.”...
https://thehill.com/policy/energy-environment/408654-electric-carmakers-turn-to-congress-as-tax-credits-dry-up


22 posted on 09/30/2018 6:33:22 AM PDT by MAGAthon (O)
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