From the campus of Hillsdale College in Hillsdale, Michigan, this is the Radio Free Hillsdale Hour, bringing the activity and education of the college to listeners across the country.

Here's your host, Scott Bertram.

Hello again, everybody, and welcome in to another edition

of the Radio Free Hillsdale Hour. On this episode, we'll talk with Hillsdale economics professor

Gary Wolfram about the electric vehicle tax credit. Lawrence Mead joins us to discuss his new book,

Burdens of Freedom. Hillsdale English professor Dwight Lindley returns for his occasional

series on literary devices today, plot. And from a recent lecture at the Kirby Center in

Washington, D.C. will hear from Judge Amy Coney Barrett on the U.S. Court of Appeals for

the Seventh Circuit. But first, we're joined now by Dr. Gary Wolfram, William Simon,

Professor of Economics and Public Policy, Director of Economics and Professor of Political Economy here at Hillsdale College. Dr. Wolfram, thanks for joining us again.

Well, thank you for having me again.

Opened up the Detroit News on a recent Sunday and found a piece from Dr. Wolfram in the lower left-hand corner.

Don't extend the EV tax credit, the electric vehicle tax credit.

Before we get into the argument, Dr. Wolfram, what's the current status?

What is the electric vehicle tax credit?

Well, the way it works is if you purchase or lease an electric vehicle that can be plugged in,

then you're eligible for a tax credit up to $7,500. This credit is non-refundable. So if you had a tax liability of $1,500,

then the most that you could get is $1,500. If you lease it, actually, the credit goes to the company that you

leased it from, and then the idea would be they would lower their price to you of the lease.

And the credit expires for any company once they've got 200,000 vehicles sold. And Tesla and Chevrolet have met that

standard. And so you no longer get a credit for that. And so there's a movement to try to say,

okay, well, let's forget about the 200,000 vehicle limit, and

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