Electric Car Tax Credits Too Generous?
ATLANTA — Tax credits for low- and no-emission vehicles would be eliminated or scaled back under a plan from Georgia lawmakers who say the incentives are too generous, but manufacturers are concerned the plan would put a dent in their sales.
House lawmakers have approved a plan from state Rep. Chuck Martin, R-Alpharetta, that would repeal a maximum $5,000 tax credit for consumers who buy or lease electric vehicles and up to $2,500 in tax credits for low-emission vehicles. The proposal is now pending before the state Senate.
I'll say this... incentives to push buyers towards anything can't go on indefinitely. At some point, a product has to stand or fall on its own value to the consumer.