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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

Buyers can claim a base credit of $1,250 for the purchase of qualifying used EVs, with additional incentives for battery capacity. It took 9 years for EV sales to surpass 200,000 in annual sales, reaching 325,000 in 2018. The overall EU EV (BEV and PHEV) sales share ended up around 10 percent, versus the 3 percent for 2019.

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Exclusive: 2023 Cadillac Lyriq Preview

Clean Fleet Report

First was the short-lived, 2014-2016, very cool looking ELR plug-in hybrid electric vehicle (PHEV). Then in 2017 along came the CT6 PHEV , an electrified version of Cadillac’s full-size, flagship sedan, but 2019 saw the end of this car. Road Test: 2018 Cadillac CT6 PHEV. those stepping-up to a luxury SUV.

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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

A used EV might be the way to go in 2024 Although the $7,500 federal tax credit has been extended for new EV purchases under revised qualifying terms, those current requirements leave a very limited the number of current EVs that qualify. Here’s the latest list. As long as they fit certain criteria.

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EAA National Board nominations from across North America

Electric Auto Association

Test rides most always evoke a comment of future EV purchase. Servant leadership; I thrive when working to advance a cause or mission About Zach: Zach currently drives a Pacific Hybrid PHEV. He worked for SolarCity and Tesla between 2015 and 2018 and now for Solar Smart Living (since 2018).

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EAA National Board nominations from across North America

Electric Auto Association

Test rides most always evoke a comment of future EV purchase. Servant leadership; I thrive when working to advance a cause or mission About Zach: Zach currently drives a Pacific Hybrid PHEV. He worked for SolarCity and Tesla between 2015 and 2018 and now for Solar Smart Living (since 2018).

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

This is more than six times higher than in 2018, just 5 years earlier. Electric cars accounted for around 18% of all cars sold in 2023, up from 14% in 2022 and only 2% five years earlier, in 2018. However, the phase-out of several purchase subsidies in Germany slowed overall EV sales growth.