Some perspective on wind and EVs
The long-awaited House GOP tax package unveiled yesterday got the energy world buzzing, as it would end a $7,500 tax credit for electric vehicle purchases, thereby raising the costs for prospective buyers. It would also pare back the value of the wind energy production tax credit, and tighten the definition of what constitutes an "under construction" project eligible. The changes would raise an estimated $12.3 billion over a decade.
The American Wind Energy Association, wind industry's main trade group, said lowering the value of the credit from 2.3 cents per kilowatt hour to 1.5 cents would put over $50 billion in planned investments at risk.