Taxpayer Relief or Green Backlash? EV Subsidy Program Cut Short

The federal government is finally pulling the plug on a costly program that’s long propped up the electric vehicle (EV) market at taxpayers’ expense. As part of the latest budget deal, the Biden-era Clean Vehicle Tax Credit—once scheduled to continue through 2032—is ending seven years early. That means electric vehicles are about to get more expensive for consumers, but in reality, they’re finally being priced closer to what they actually cost to build and maintain.

For years, taxpayers have footed the bill for EV buyers under the guise of “green progress.” But beneath the eco-friendly messaging lies a system of subsidies that benefited wealthy car owners, Chinese battery makers, and global automakers—all while everyday Americans were asked to tighten their belts. Ending this handout is a step toward restoring market fairness and personal responsibility.

Supporters of the credit claimed it would help fight climate change and boost domestic manufacturing, yet much of the EV supply chain still depends on foreign entities, including China. If our goal is energy independence, giving up control of key materials to overseas rivals isn’t the path forward.

As the credit ends, expect EV prices to rise, exposing just how much of the industry’s success has been artificially inflated. The move may sting for some in the short term, but in the long run, it invites real innovation without taxpayer training wheels. In a free market, good ideas don’t need subsidies to survive.

Source: KTNV Channel 13 Las Vegas