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?

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Answer provided by
Allison Stone
Answered on Apr 28, 2022
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
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