Several automakers are joining with electric vehicle charging companies and others in a new coalition urging Congress to expand availability of $7,500 consumer tax credits for buying EVs.
Why it matters: Rollout of the EV Drive Coalition comes as Tesla, GM and Nissan — who are all members — have hit or are approaching the cap of 200,000 vehicles per manufacturer before the credit drops in value and then phases out.
Details: The group's 15 announced supporters also include...
Charging networks ChargePoint and Volta.
Electric bus maker Proterra.
The Christian Coalition of America.
The Center for Climate and Energy Solutions.
What they're saying: The group's broad-brush proposal calls for lifting the per-manufacturer cap and ensuring that "future caps neither penalize market leaders nor shut out later arrivals to the EV market."
The proposal "allows the credit to sunset once the nascent EV industry has had additional time to mature and grow," the group's website states.
