Does the government subsidize electric cars?
I was skeptical at first about how popular electric cars would be, but I’ve noticed more cars and charging stations popping up around my neighborhood every day. Does the government subsidize electric cars in any way?
Answer provided by
You’re right that electric cars are catching on in popularity, and part of the transition away from gas-powered cars relies on government intervention to build out new types of infrastructure to make electric cars accessible for all Americans.
the U.S. government has been subsidizing the production of electric cars in some shape or form since President Barack Obama set a goal for the U.S. to become the first country with one million electric vehicles in 2011.
The Obama administration alone pledged $2.4 billion dollars in grants to support the manufacturing and development of electric cars and batteries.
The majority of states in the U.S. also offer incentives to electric car drivers beyond the federal tax credit, including bonuses like:
- Lower vehicle licensing taxes
- Purchase rebates
- Income tax credits
- Excise tax exemption and reduced registration fees
- Exemption from parking fees
- Exemptions from state motor vehicle inspection and maintenance programs
- Access to carpool lanes
If you’re thinking about buying a new electric car, the Jerry app can help you get the best deal possible on car insurance. Jerry is a licensed broker that does all the hard work of finding and comparing quotes from the top name-brand insurance companies.
Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price. Sign up today, and in less than 45 seconds Jerry will collect and analyze all of the information from your existing insurer to find you the best quotes for the best price.
Here to save on car and home insurance? Great, you do that. We’ll do everything else.
Sign up in under a minute.
No need to fill out forms or shop around. Sign up in 45 seconds to start saving. Jerry does the rest.
Jerry collects and analyzes your current coverage.
Say hello to Jerry, your new insurance agent. We’ll contact your insurance company, review your current plan, then find the coverage that fits your needs and saves you money.
Get the best options before your renewal.
Jerry does all the picky, busy work by comparing prices and coverage from more than 50+ insurance companies. We compare what we find to your current policy and offer you the three best options before every renewal.
Read advice from car experts at Jerry
Browse by topics
What others are asking
How fast can you recharge at home?
I’m about to buy an electric car, and I plan to do most of my charging at home, but I want to know if that will be practical. How fast can I recharge my electric car at home?
Apr 28, 2022
How fast was the first electric car?
EVs are not necessarily known for being speed machines. Even with all the technology available right now, they don’t seem to be outperforming gas cars as much as they should be. So I wonder, how fast was the first electric car?
Apr 28, 2022
How good are electric cars for towing?
I use my vehicle for personal reasons, but I also rely on it for my job. I'm in construction, so towing capacity is essential in searching for a new car. My family wants to start driving electric cars, but I'm worried that we may not find anything compatible. How good are electric cars for towing?
Apr 28, 2022