The future of a federal tax credit that provides up to $7,500 to buyers of electric cars is questionable, as lawmakers in the U.S. Senate have unveiled a pair of bills that would either end the program or boost the cap on the number of credits per automaker can be used.
A measure by U.S. Sen. John Barrasso, R-Wy., would eliminate the tax credit for electric cars and institute a new tax on electric cars and alternative fuel vehicles to boost the coffers of the federal Highway Trust Fund that is used to pay for construction projects. A separate measure by U.S. Sen. Dean Heller, R-Nev., would keep the electric vehicle tax credit in place and lift the cap that is looming over General Motors Co. and Tesla Inc.
Read the article at The Detroit News.
