Taxpayer credits totaled $1 billion to help push EV sales


It’s no secret the Biden administration resorted to subsidies of all kinds in an effort to convince Americans to dump fossil fuel vehicles and switch to electric vehicles.

Just how much?

The administration admitted this week it had handed out more than $1 billion to EV buyers since starting those point-of-sale rebates in January. Treasury Secretary Janet Yellen revealed more than 150,000 people received the tax credit under the 2022 climate law.

E&E News reported how Yellen “heralded the rebate” and claimed it increased consumer choices and created new opportunities.

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