How Proposed Taxes Could Hurt the EV Market

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, discusses a proposal that could significantly affect the EV market. Policymakers are considering taxing EVs for highway use, arguing that gas-powered vehicles already contribute through fuel taxes. A tax on EV electricity consumption, combined with the potential removal of EV tax credits, could make EV ownership much more expensive, potentially reducing sales and slowing adoption.