Hey Congress – please fix the federal tax credit for electric cars
By all accounts, the recession caused by COVID-19 is hammering the auto industry in the United States and worldwide. Many factories are closed and dealerships have laid off most of their employees. Not surprisingly, members of Congress from some states most affected – Michigan, Ohio, and Alabama – are working on ideas to stimulate demand for new cars. Details are scant but as reported in the Washington Post on May 6, it appears to be along the lines of a “Cash for Clunkers” program.