Colorado May Eliminate Electric Car Tax Credit

The Colorado State Senate will soon consider eliminating tax credits for alternative fuel vehicles, or vehicles that do not run on gasoline. The legislation would shift the roughly $50 million in tax credits the state gives to subsidize alternative fuel vehicle purchases, and would shift the money to the state’s highway fund. The bills sponsor Vicki Marble, says the $5,000-per-vehicle tax credit mostly benefits people on the Front Range and deprives people in Colorado’s other 58 counties of money that could be going to roads in those areas.

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