[Oeva-list] Tax Credit for Ore. EV Manufacturers

[Myles Twete]

Woohoo!  Grab what you can---free money!  Like that Texas trucking company
that the Oregonian headlined this week showing how they got millions in
Oregon tax credits while employing virtually no one in Oregon.  And the
energy improvements were made to trucks where only 1-2% of their miles were
documented to have been from travel in Oregon.  They didn't have significant
Oregon business and only put together shadow business addresses in Oregon to
be able to qualify for these credits ---- yet the State gave them the tax
credits.  The company then sold the credits to put Oregon cash in their
Texas pockets.  Most or all of these vehicle energy improvements already had
road payback periods of under 4years, yet our legislature decided that this
company needed the credits.  Pure giveaway.

Companies like that and other green-washing companies have made the BETC
program stink.  This new bill that benefits Barefoot (and Brammo and
Arcimoto?) is part of the backlash against the deficiencies with the BETC.
Let's hope that these EV manufacturers don't take the money and relocate to
Texas of China.

 

But frankly, I don't see why Oregon is giving BETC tax credits to EV
companies that already have product that is seeing customer growth already
and energy tax credits are available to the customer.

Is the idea that somehow the BETC credits will reduce the price of its
product to make it more affordable?  Do you believe that will happen?

 

-mt

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