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Should the government subsidize electric cars?
If we’re going to make the United States a greener place to live, it seems like we’re going to need more people to start driving electric cars. Should the government subsidize electric cars?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You’re completely right in thinking that a switch to
electric cars
will help to reduce carbon emissions. Part of the transition away from gas-powered cars relies on government intervention to make electric cars accessible for all Americans. The good news is that electric cars and EV manufacturers do already benefit from government funding and subsidies in a few ways.
The Biden-Harris administration has pledged federal funds to go toward a
national EV charging network
and battery production for EVs. In addition, the U.S. government offers a $7,500 tax credit for EV buyers. Even with the $7,500 tax credit, EVs can be expensive. Find ways to save on your
car insurance
plan with Jerry. Sign up with the
Jerry
app to get personalized insurance quotes from 55+ top providers, who will provide you with the best rates and coverage options.Before every policy renewal period, you’ll even be presented with new competitive quotes. With Jerry, you’ll always have the best coverage at the best price.
View full answer
- Gregory R.
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