Author page: jbechdel

Sioux City Journal: Tax credit program for electric cars deserves scrutiny

Senator Chuck Grassley is seeking greater scrutiny of a tax credit program for electric cars after oversight revealed pervasive problems – including widespread fraud. Grassley’s watchdog role is important, as Democrats are pushing to expand the program. In a letter to IRS Commissioner Chuck Rettig, Grassley pressed for more information about how the IRS administers the $7,500 credit for purchasing all-electric and plug-in hybrid cars.

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Forbes: Tesla’s Earnings Show Why Transportation Funding Should Go To Roads, Not EV Subsidies

A few weeks back, I wrote Tesla didn’t need another government bailout in the form of an expansion of the electric vehicle (EV) tax credit. Since then, the company announced some very impressive earnings: Tesla generated $24.6 billion in revenue in 2019 and produced a $105 million profit in the fourth quarter. Suffice it to say, the market has found its EV winner. Any additional talk about propping up this industry with taxpayer dollars overlooks the reality of the situation.

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E&E News: Cleanest hybrids beat EVs on emissions — study

Hybrids largely beat out all-electrics in a new ranking of the most “environmentally friendly” cars, even as some automakers signal a turn away from hybrids for the future of their business. The scorecard, published yesterday by the American Council for an Energy-Efficient Economy (ACEEE), found that of the 12 cars that produced the least greenhouse gas emissions, nine of them were hybrids, compared to three all-electric models. Hybrids also constituted four of the top five vehicles on the list.

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Potential Waste & Fraud in the EV Payout System

A recent government investigation found that nearly $74 million in taxpayer dollars may have been fraudulently claimed by individuals who did not qualify for that money. How were they able to do to that? Through the electric vehicle (EV) payout program. Over a four-year span, U.S. taxpayers filed 16,510 tax returns that potentially claimed fraudulent taxpayer money for purchasing EVs.…

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