Bipartisan Group of US Lawmakers Introduce Extension of Electric Vehicle Tax Credit

electric vehicle tax credit

Electric vehicles got a nice jolt on Wednesday as a bipartisan group of US lawmakers introduced a bill to update and extend the federal electric vehicle tax credit. The way the law is written now, electric vehicle buyers get a tax credit of $7,500 but that deduction phases out once a carmaker sells 200,000 of them. Under the new bill, those … [Read more...]