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Electric Cars

Electric Cars Need Subsidies to Be Competitive

CBO analyst: it would take approximately $12,000 in tax credits to achieve parity now

Electric plug-in vehicles, such as the Chevrolet Volt, will achieve the affordability of a traditional car in 2020, but only if the government cements a $7,500 tax credit for the vehicles, a Congressional Budget Office (CBO) analyst said on Monday.

EV isn’t EZ

U.S., Germany walk back 1M electric vehicle goal

The U.S. and Germany have quietly walked back their ambitious goal to put 1 million electric vehicles on the road in their respective countries, despite considerable government subsidies and consumer incentives.