22 Feb '18, 12pm

What happens to electric-car sales when tax credits sunset? Each maker differs

2018 Tesla Model 3 Enlarge Photo Toward the end of last year, electric-car shoppers began to think about a U.S. market without the $7,500 federal tax credit for their purchases of plug-in vehicles. While the tax credit ended up surviving the massive tax-cut bill passed in December, some automakers are still about to face the end of the incentive. As designed and implemented in the Energy Independence and Security Act of 2007, signed into law by President George W. Bush, buyers can take the full benefit for the first 200,000 vehicles any particular carmaker sells. DON'T MISS: When do electric-car tax credits expire? (updated for 2018) Then the tax credit starts to drop. And every automaker has been fully aware of this 200,000 limit since before it sold its first modern electric car. It's also no secret that the three makers that have sold the most qualifying EVs are getting...

Full article: https://www.greencarreports.com/news/1115389_what-happens...

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