Ryan: Electric car tax credit needed for Lordstown future - WFMJ.com News weather sports for Youngstown-Warren Ohio

Ryan: Electric car tax credit needed for Lordstown future

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LORDSTOWN, Ohio -

President Donald Trump and some lawmakers from around the nation are questioning whether to pull federal tax credits that can be used to buy electric cars from General Motors.  

On the surface, it's easy to understand why.  Why help GM when they are taking jobs out of America in favor of Mexico? 

But local lawmakers say we cannot make an enemy of GM. For one thing, there are too many local people who aren't working anymore who are still counting on GM to make ends meet.

"We want them to be profitable because we have tens of thousands of retirees that are counting on GM being a strong company so they can get their pension. Bad enough we lost 1,600 jobs here. We don't want to start screwing the retiree. Does the President want us to go backward? The future is electric vehicles," said Valley Congressman Tim Ryan.

Then there's the possibility of getting a new car for Lordstown in the future.  If it were to happen, chances are that the car would be electric.

"If that no emission, low emission, an autonomous vehicle or other new market vehicle is where it's at, then incentives are probably going to be what it's going to take in order for us to be competitive in that market," said Regional Chamber CEO James Dignan.

But the tax credit for buying electric ends for companies when they sell 200,000 vehicles.  In 2019 the, credit for buying Tesla goes from $7,500 down to $3,750. Then in 2020, it goes away for Tesla altogether.

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