Verdict: True
Yes, taxpayers fund EV tax credits -- just like they fund subsidies for oil and gas, which receive an estimated $20 billion or more per year in federal subsidies and have for over a century.
Yes, taxpayers fund EV tax credits -- just like they fund subsidies for oil and gas, which receive an estimated $20 billion or more per year in federal subsidies and have for over a century. The federal EV tax credit was up to $7,500 per vehicle, though it was repealed and ended for purchases after September 30, 2025 (state and utility incentives still exist). A 2024 study by economists from multiple universities found that EV credits under the Inflation Reduction Act directly benefit buyers, have measurably slowed climate change effects, and have shifted manufacturing back to U.S. soil -- the credits literally require vehicles to be assembled in North America to qualify. Meanwhile, oil subsidies come with no such requirements and prop up an industry that contributes to air pollution responsible for tens of thousands of premature deaths annually. If you're upset about taxpayer money going to EV credits, you should be furious about fossil fuel subsidies.
The federal credit is gone, but plenty of state and utility money is still on the table. It changes by state, so check yours.
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