Senate adds EV and other “green” subsidies to tax package, House complies and sends to Gov.

We recently broke down the House-passed tax omnibus package and its minor benefits for New Mexico taxpayers in the form of tax reduction along with tax hikes and various credits. Based on the entirety of the bill, we rated it a “zero” on our Freedom Index.

We didn’t have high expectations that the Senate would improve the bill and we were not disappointed. The Senate (sadly) added in the Gov.’s EV tax credit to further subsidize electric vehicle purchases (a subsidy of $50 million annually). Numerous other “green” tax credits were added into the legislation by the Senate.

Now, the Gov. has mandated EV’s and charging stations and pushed the Legislature to subsidize them.

Are Electric Vehicle Subsidies Efficient? – IEDM/MEI