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Koch Targets an Endangered Republican’s Car Credit That Helps Tesla

  • $7,500-per-car incentive has boosted electric battery demand
  • Tesla’s Musk says fossil fuel vehicles have inherent subsidy
Dean Heller
Dean HellerPhotographer: Bridget Bennett/Bloomberg
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Endangered Nevada Republican Senator Dean Heller’s efforts to extend a tax credit that’s helped boost demand for electric vehicle batteries made in his state is getting resistance from someone known for helping conservative lawmakers: the billionaire mega-donor Charles Koch.

Koch Industries Inc., a closely held refining and manufacturing company, is lobbying against efforts to extend the $7,500 electric vehicle tax credit that’s helped make cars manufactured by Tesla Inc. and others more attainable, according to a letter obtained by Bloomberg.