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Tax Credit for EVs at $7,500 will be taken away by the U.S Government

You may soon be out of luck if you were looking to get the benefit of $7,500 from the U.S federal government tax credit in buying an electric vehicle. Bloomberg reported that the provisions in the U.S tax code may be terminated in the current round of tax cut efforts. It might affect the entire nascent industry by not supporting EV sales at a federal level.

 

Read more at: ow.ly/48dm30gndZa

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Uploaded on November 6, 2017
Taken on December 27, 2016