In the News

U.S. Sens. Debbie Stabenow, D-Mich., Lamar Alexander, R-Tenn., Gary Peters, D-Mich., and Susan Collins, R-Maine, along with U.S. Rep. Dan Kildee, D-Mich., have introduced the Driving America Forward Act, a bipartisan bill to expand electric vehicle (EV) and hydrogen fuel cell tax credits. Under current law, consumers can receive a tax credit of up to $7,500 if they purchase an eligible EV. After an automaker sells 200,000 qualifying vehicles, consumers are eligible to receive the full value of the $7,500 tax credit through the calendar quarter after the cap is hit. The value of the credit to consumers from this automaker then decreases to 50% and 25% over the next 12 months before being phased out entirely. The legislation is also co-sponsored by U.S. Reps. Don Beyer, D-Va., Earl Blumenauer, D-Ore., Brian Higgins, D-N.Y., Jimmy Gomez, D-Calif., Stephanie Murphy, D-Fla., Jimmy Panetta, D-Calif., Terri Sewell, D-Ala., and Tom Suozzi, D-N.Y. The Driving America Forward Act is also supported by 60 organizations, including the Alliance of Automobile Manufacturers, the American Lung Association, CALSTART, Clean Fuels Michigan, Electrify America, eMotorWerks, the Environmental Defense Fund, Ford Motor Co., General Motors Co., Honda North America Inc., Nissan North America, Plug In America, the Sierra Club, Tesla Inc., Toyota Motor North America, and Volkswagen Group of America.

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