WASHINGTON: A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to Tesla Inc and General Motors Co before the existing credit comes to an end for them.
Supporters hope to attach the proposal to tax legislation that could be considered in the next few months. "We have a cap that's got to go up," Stabenow told a group of automakers at a dinner last week."I want to get this done as soon as possible." Senator John Barrasso, a Republican who chairs the Environment and Public Works Committee, in February proposed legislation to end the credit and impose a highway user fee on EVs to pay for road repairs.
Source: Car News Wire (carnewswire.net)
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