Tax-Credit Abuses Shouldn’t Stop Electric-Vehicle Subsidies - News Summed Up

Tax-Credit Abuses Shouldn’t Stop Electric-Vehicle Subsidies


Your editorial “The Electric-Vehicle Subsidy Racket” (Oct. 12) recommends canceling the electric-vehicle credit program in part because of abuse of the credit by some tax filers. If enforcement of the electric-vehicle tax credit is lax, then the IRS must improve enforcement, as it does with other abuses of the tax system. Despite some abuse of the system, the EV credit program provides tremendous energy-security value at relatively modest cost. The failure to diversify energy sources for the American transportation sector risks severe economic and national security consequences. We need to use every tool available to...


Source: Wall Street Journal October 20, 2019 13:30 UTC



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