Global Fleet

House Plan Would Eliminate EV Tax Credit

November 02, 2017

A $7,500 federal tax credit that has fueled sales of plug-in electric vehicles in recent years could be eliminated if House Republicans can include the proposal in a tax cut bill now under discussion, reports Reuters.

The elimination of the credit could crush sales of electrified vehicles such as the Tesla Model 3, Chevrolet Bolt, and Nissan Leaf. The Obama-era credits were put in place in 2008 and 2009 for plug-in and converted plug-in electric vehicles.

Electric vehicle sales collapsed in Georgia after the state eliminated its $5,000 state credit in June of 2015, reports Bloomberg. Fewer than 100 electrified cars were sold per month after the incentive was no longer offered, compared with 1,400 per month before the move.

Environmental groups and an automotive industry trade group criticized the proposal. General Motors said the credits "help accelerate the acceptance of electric vehicles," reports Reuters.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

 

FleetFAQ

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All
 

Grants & Subsidies

Alternative Fueling Station Locator

Alternative Fueling Station Locator

Find your closest station or plan a route. Locate biodiesel, electric, ethanol, hydrogen, compressed natural gas (CNG), liquified natural gas (LNG), and propane across America.

Start Your Search