U.S. consider canceling electric car subsidy policy

To maximize the incentive for US consumers to buy electric vehicles, the IRS introduced a policy to provide sales tax relief to locally-produced electric vehicles. The existing policy stipulates that the top 200,000 EVs produced by the U.S. manufacturers will enjoy this treatment, with an average maximum of $ 7,500 per vehicle. The lowest selling price for each electric car in the United States is 35,000 to 37,500 U.S. dollars. Subsidies have greatly increased the purchasing power and desire of consumers. Only the electric car company Tesla, founded by Elon Musk, has sold 14 Million units of electric vehicles, earned away most of the government subsidies.

Although the current figures show that the total of 200,000 vehicles should be achieved quickly, the elimination of subsidies will have a heavy blow to U.S. electric vehicle manufacturers. News of the subsidy has just leaked, Tesla's shares have dropped, other small electric car makers will be hit even harder, rich and powerful Tesla or will take this opportunity to further consolidate its leadership in the field of electric vehicles.

The removal of EV subsidies is in line with Trump's exit from the Paris climate pact and the climate and energy stance that prioritizes the development of traditional fossil fuels. The MITT commented that removing the subsidy on electric vehicles by the United States is a counter-up and reversing move when all other countries are looking for an excessive historical trend from traditional to new energy sources. In order to encourage people to buy low-emission vehicles, the British government not only provides high subsidies of 1 billion pounds for electric vehicles and hybrid vehicles, but also recently announced the total cease of sales of fuel vehicles after 2040; many European countries and cities started banning sales of diesel vehicles China has also actively introduced various policies to encourage the development of electric vehicles. And through various preferential policies to vigorously promote the development of electric vehicles, will have a significant and positive impact on global emissions.