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$7,500 electric car tax credit goes away under GOP plan.

The House Republican tax plan would ax the tax credit for electric-vehicle buyers, dealing a blow to the ambitions of Tesla and other battery-car makers as they try to give the nascent technology mainstream appeal.

The tax overhaul proposed Thursday would eliminate the tax credit of up to $7,500 that’s currently offered to buyers of vehicles such as the Tesla Model 3, Chevrolet Bolt and Nissan Leaf.

"Tax credits are an important customer benefit that can help accelerate the acceptance of electric vehicles," GM said in a statement. "Because General Motors believes in an all-electric future, we will work with Congress to explore ways to maintain this incentive."

Nathan Bomey, USA TODAY

https://www.usatoday.com/story/money/cars/2017/11/02/house-tax-plan-electric-car-credits/825444001/

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