EV Tax Breaks Can Save Carmakers, Mich. Lawmaker Says

Electric vehicles have slowly been gaining market share over the past few decades. But Rep. Dan Kildee (D-Mich.) says car buyer tax credits that recently expired must be reinstated to accelerate this trend.

On this episode of Parts Per Billion, our weekly environmental podcast, Kildee speaks with Bloomberg Tax's Kaustuv Basu about how Democrats in the House, Senate, and White House are crafting a bill that would not only bring back these tax credits but also change who can take advantage of them. He also talks about how U.S. automakers need EV incentives to avoid once again falling behind their foreign competitors.

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