24 Feb '17, 12pm

Will GM or Tesla buyers lose electric-car tax credits first?

Stephen Edelstein Feb 24, 2017 Tesla Model 3 Enlarge Photo A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited. Once a manufacturer reaches sales of 200,000 plug-in electric cars (after December 31, 2009), the credits start to phase out for that company's cars. DON'T MISS: When do electric-car tax credits expire? (further update) (Mar 2016) With six years of electric-car sales and long-range, mass-market models on the way that will appeal to a broader range of buyers, it's likely that at least one automaker will hit the limit within the next couple of years. The two most likely candidates are General Motors and Tesla. Both have already sold a large number of battery-electric and plug-in hybrid cars—and both will soon have models with...

Full article: http://www.greencarreports.com/news/1109037_will-gm-or-te...

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