Axios: "The Limits of the Electric Car Credits"
RFF Fellow Beia Spiller's blog post on electric vehicle tax credits outlined in the Inflation Reduction Act is featured in this newsletter.
A new analysis starkly lays out the limits of U.S. electric vehicle tax incentives in the Democrats' soon-to-be-enacted climate bill, Ben writes...
What's new: Beia Spiller of Resources for the Future (RFF), a nonpartisan think tank, translated Congressional Budget Office estimates of the incentives into projected real-world sales.
Even by 2030, vehicles purchased using the credits would be just 3% of total global EV sales last year.
Threat level: "[G]iven the country’s goals for achieving 50 percent zero emission vehicles by 2030, the tax credit will not go far enough," writes Spiller, who leads RFF's transportation program.
- "Until auto manufacturers in the private sector make significant changes to their manufacturing processes and resulting vehicle price points, you — and most other car buyers in the market for EVs — may need to forego the tax credit if you want to go electric."
Fellow; Director, Transportation Program
Beia Spiller is a fellow and the director for RFF's Transportation Program. Her recent research has focused around electric vehicles and environmental justice, exploring some of the most pressing issues around electric car, truck and bus adoption.
Common Resources — Aug 11, 2022
Inflation Reduction Act: Electric Vehicle Subsidies for Passenger Vehicles
The Inflation Reduction Act works to expand the tax credit for electric passenger vehicle purchases. However, some of its key clauses are likely to make it harder to take advantage of the credit for at least a few years.
Report — Sep 13, 2023
Prioritizing Justice in New York State Climate Policy: Cleaner Air for Disadvantaged Communities?
This report, produced in partnership with the New York City Environmental Justice Alliance, examines air quality improvements in two options for implementing New York State's Climate Leadership and Community Protection Act.
Resources Radio — Sep 12, 2023
European Perspectives on the Inflation Reduction Act, with Milan Elkerbout
Milan Elkerbout discusses how the European Union has reacted to the Inflation Reduction Act, climate and industrial policies that the European Union has proposed over the past year, and trends in global trade and industrial policy.