Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout
EV Adoption
AUGUST 18, 2021
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). On the flip side, however, the recent Bolt battery fires and recall could scare many potential buyers away.
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