The US government is pulling back on some of their financial support for electric vehicles.
Coming this Saturday, a tax credit which allows taxpayers to deduct 30% of the cost an electric vehicle charger (good for up to $30,000 in commercial cases) will be discontinued.
If you're thinking the 30% deduction is a bit high, last year the deduction was set at 50%.
"The timing of this couldn't be more unfortunate," coming just as more electric cars are on the way." said Genevieve Cullen, vice president of the Electric Drive Transportation Association, a trade group for the electric-vehicle industry.
Cullen and other proponents have been begging congress to extend the tax deduction, possibly even retroactively if passed in early 2012.
Source: USA Today
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