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Federal Electric Car Tax Credit, Once Bipartisan, Threatened by Republican Tax Reform

Among the many policy changes proposed in the House’s newly introduced tax reform bill, the “Tax Cuts and Jobs Act,” is a repeal of the $7,500 federal electric vehicle (EV) tax credit. Current policy calls for an already-scheduled phase out of the credit over the two quarters following each automaker surpassing plug-in vehicle sales of 200,000 units. The new proposal would eliminate the tax credit entirely at the end of this year—only EVs registered on or before December 31, 2017 would qualify. Continue reading “Federal Electric Car Tax Credit, Once Bipartisan, Threatened by Republican Tax Reform”