Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout
EV Adoption
AUGUST 18, 2021
Long overdue to be removed from IRC 30D is the phaseout of the credit on EVs purchased or leased from manufacturers that have sold 200,000 electric vehicles in total since enactment of the credit on January 1, 2010. On the flip side, however, the recent Bolt battery fires and recall could scare many potential buyers away.
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