Buyers of Tesla and GM electric vehicles will soon be ineligible for the federal EV tax credit . Meanwhile automakers (GM most recently) are grappling with production locations and long-term labor negotiations amid uncertainties over how EVs will play into new federal emission and fuel economy rules. It might be time to revisit how the federal government can give American-built electric vehicles a boost. Senator Chuck Schumer, in an op-ed published Friday in the New York Times, revealed his plan for that—involving federal spending in industry, charging infrastructure, and a consumer incentive-and-buyback program that could be the biggest of its kind since Cash for Clunkers. Schumer says the $454 billion plan— over 10 years —is supported not just by environmentalists but by labor unions and large automakers. GM and Ford are specifically called out as supporters. 2021 Volvo XC40 Recharge Schumer’s plan would apply to “American-made” electric vehicles, which […]