13 Nov '17, 1pm

The Federal Electric Vehicle Tax Credit Is a Bipartisan Success Story, Which House Republicans Want to Undo

As the House and Senate develop their respective versions of a tax reform bill, the $7,500 federal electric vehicle (EV) tax credit is positioned to be a potential bargaining chip. The House's version of the bill, the "Tax Cuts and Jobs Act ," includes a repeal of the EV tax credit . The Senate's newly introduced version, at the moment, doesn't kill the credit . Current policy calls for an already-scheduled phase out of the credit over the two calendar quarters after each automaker surpasses 200,000 total plug-in vehicle sales. The new House proposal would eliminate the tax credit entirely at the end of this year—only EVs registered on or before Dec. 31 would qualify. Not only would this repeal slow the acceleration of electric car adoption, it will also hurt our economic, energy security and energy independence goals, and slow progress in bringing affordable and practical...

Full article: https://www.ecowatch.com/electric-vehicles-tax-credit-250...

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The Federal Electric Vehicle Tax Credit is a Bipartisan Success Story, Which House Republicans Want to Undo

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