Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives
EV Adoption
NOVEMBER 26, 2021
Probably the most needed and least controversial proposed change is the elimination of the phaseout of the tax cap that begins in the quarter after a manufacturer sells 200,000 BEVs or PHEVs in the US. To date, two manufacturers — Tesla and General Motors — saw the tax credit phaseout completely. Effective Date: Jan 1, 2022.
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