Senate Environment and Public Works Committee Chair John Barrasso this week introduced legislation that would end the federal electric-vehicle tax credit and beef up the Highway Trust Fund by ensuring that drivers of alternative-fuel vehicles pay into it. Barrasso cites an estimate by the Manhattan Institute, which bills itself as a “free market think tank,” that ending the tax credit would save roughly $20 billion in taxpayer funds over the next decade. Purchasers of new electric vehicles can qualify for a tax credit of up to $7,500. “The electric vehicle tax credit largely benefits the wealthiest Americans and costs taxpayers billions of dollars,” said Barrasso. “My legislation levels the playing field for all drivers across America. Gas, electric, and alternative fuel vehicles use the same roads. All should contribute to maintain them. My bill supports the Highway Trust Fund by making sure all drivers pay into the account that improves America’s roads.”
For more news, go to www.Agri-Pulse.com
