Industry News: US Government Discontinuing Tax Deduction For EV Charging Stations

[William Maley]

The US government is pulling back on some of their financial support for electric vehicles.

Coming this Saturday, a tax credit which allows taxpayers to deduct 30% of the cost an electric vehicle charger (good for up to $30,000 in commercial cases) will be discontinued.

If you're thinking the 30% deduction is a bit high, last year the deduction was set at 50%.

"The timing of this couldn't be more unfortunate," coming just as more electric cars are on the way." said Genevieve Cullen, vice president of the Electric Drive Transportation Association, a trade group for the electric-vehicle industry.

Cullen and other proponents have been begging congress to extend the tax deduction, possibly even retroactively if passed in early 2012.

Source: USA Today

View full article

[loki]

cost an electric

the more the market realizes the true cost of what they do, the faster it can correct for previous malinvestments.

[William Maley]

and now fixed