The Schumer-Manchin Monster tax and spending bill include perhaps the most outrageous corporate welfare program in memory. The bill would give EV buyers up to $7,500 in federal tax credits if their vehicle was built with union labor in North America. Buyers of used electric vehicles would be eligible for a credit of up to $4,000. The credits would be unlimited and last 10 years. Soon the feds will simply buy the cars for people.
Who gets all the money? Mostly Californians who account for 40% of the EV sales. Add In blue states Washington and New York and these three states account for half the subsidy recipients. Meanwhile, poor states like West Virginia and Mississippi get almost none of the benefits.