Larisa Manescu, larisa.manescu@sierraclub.org
Washington, D.C. – Today, Reuters reported that Donald Trump intends to attack the Inflation Reduction Act’s electric vehicle tax credit, which has benefited more than 300,000 EV drivers and saved consumers over $2 billion so far this year.
The IRA provides a tax credit of up to $7,500 for new electric vehicles that meet certain production requirements. The law also provides a tax credit of up to $4,000 for used electric vehicles, which is meaningful as the majority of consumers buy used vehicles. The Biden-Harris administration has ensured these consumer savings can be applied immediately at the point-of-sale at registered dealerships.
The auto industry’s trade group, the Alliance for Automotive Innovation, stated the tax credits are key to maintaining a globally competitive American auto industry and urged Trump’s transition team to keep them.
In response to the proposed attack, Sierra Club Director of the Clean Transportation for All campaign Katherine García released the following statement:
“Donald Trump’s attack on the EV tax credit would backfire on Americans, robbing people of their choice to buy electric vehicles that are good for our economy, the climate, and clean air. The Inflation Reduction Act is bringing clean energy to families across the nation while saving people money and investing in communities, including in many Republican districts. The Sierra Club will fight tooth and nail with industry allies against any effort to repeal these incredibly popular tax credits. ”
About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.