Tag Archive: Mike Thompson

GREEN Act Delivers for EV Enthusiasts

February 24, 2021 5:28 pm

The Biden Administration and fellow Democrats in Congress continue to lead the green energy charge, which is creating resounding benefits for the EV industry as a whole. The latest is the aptly named Growing Renewable Energy and Efficiency Now, or GREEN, Act (you gotta love those clever acronyms!) sponsored by Representative Mike Thompson (D-CA-5). Earlier this month, the House Ways and Means Committee introduced the bill as a way to advance an agenda centered on achieving greater levels of sustainability, and we were pleased to see several provisions included that would further encourage EV adoption. In particular, EV buyers would be able to tap a $7,500 federal tax credit, while the credit cap for EV manufacturers would be increased to... Read More