The Deal, Tax Credit, Bloomberg discussed on API


I left of the top i may american consumers fat it's not only their earth friendliness that seals the deal another big lore a federal tax credit of roughly seventy five hundred dollars per vehicle bloomberg's detroit bureau chief david welsh what about the incentives and he joins us now david set the scene for us tell us about the electric vehicle mark get the recent growth that we've seen it's growing pretty well but it's still only one percent of the markets we've seen r three car companies essentially song most of these vehicles should for which is got the big brand name they've got the model wesson the motto s x out there they're so for automony their cool cars everybody wants to pay the eu on must or and neither investors or or consumers just sorta admired even if they on biased cars nissan in jail have sold smaller lowerpriced electric cars primarily to me regulations in california you have to have so many electric vehicles sold as a percentage of your overall sales to do business and the state without paying fines and and that's largely with those are those two vehicle stood and he certainly from a chevy pulled they've made me and they also they do that technology out there on the road now most of the sales grew sprinters so it which is by far the biggest player in this whole thing now you're going to siem ping growth in vehicles available over the next five years because car companies are bringing them in the market dreaming of sold can be quite another matter because they have captured the imagination of order people evan captured at checkbooks of art consumers just got to you at because i want to understand how she walks in the united states how much at that dimond is fueled by some of the tax credit to even get from the federal level how do they work for the consumer and obviously for the car companies to yes there are a lot of things he really pushing car companies to sell them and push consumers to buy them and the consumer side there's a federal tax credit of seventy five hundred hours to buy an electric car if you buy a.

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