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Showing results for tags 'tax cuts'.
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One key selling point automakers have been using to move electric vehicles is the federal tax credit of up to $7,500. But a new tax cut bill being proposed by House Republicans could eliminate that credit. The bill announced today includes a provision of eliminating the credit after the 2017 tax year if the bill goes into law. The credits are important as it helps level the playing field between internal combustion engines and EVs. Currently, the credit will begin to phase out once an auto manufacturer once it sells 200,000 EVs or plug-in hybrids. Bloomberg reports that Tesla would b- 113 replies
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House GOP's Tax Plan Will Scrap Electric Vehicle Credit
William Maley posted an article in Alternative Fuels
One key selling point automakers have been using to move electric vehicles is the federal tax credit of up to $7,500. But a new tax cut bill being proposed by House Republicans could eliminate that credit. The bill announced today includes a provision of eliminating the credit after the 2017 tax year if the bill goes into law. The credits are important as it helps level the playing field between internal combustion engines and EVs. Currently, the credit will begin to phase out once an auto manufacturer once it sells 200,000 EVs or plug-in hybrids. Bloomberg reports that Tesla would b- 113 comments
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- 1
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- republican
- tax cuts
- (and 2 more)
