Electric car buyers will still get incentives under tax bill

A threat to wipe out all incentives for electric vehicles was dropped by congressional conferees in the $1.5 trillion tax overhaul that could be voted on as early as Tuesday.

The credits are available on the first 200,000 electric vehicles a manufacturer sells. Once a company reaches that threshold, the $7,500 income-tax credit continues through the end of that calendar quarter.

Then it is reduced by 50% every six months until it phases out completely.

Greg Gardner, Detroit Free Press

https://www.usatoday.com/story/money/cars/2017/12/19/electric-car-buyers-still-get-incentives-under-tax-bill/964543001/