Electric vehicles made recent news when Trump administration official Larry Kudlow announced their intent to remove subsidies for their purchase.
This news might cause businesses providing company cars to their employees to pump the breaks on exploring the environmental future of their fleet. But there’s much more to the electric vehicle conversation than subsidies for going green.
What brought about these subsidies in the first place?
In President Barack Obama’s 2011 State of the Union, he made his plan to curb CO2 emissions known with a pledge to see America as the first nation with one million electric vehicles. There are obvious draws to owning an electric vehicle. But the upfront cost is quite a bit higher than purchasing a standard vehicle. We’ll talk more about what goes into this cost later, but just know it’s a considerate barrier to entry.
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