SHARE THIS ARTICLE

Just another crazy month in Washington, D.

C. The U.S. House of Representatives floats a tax proposal that would wipe away the $7,500 federal tax credit for electric cars beginning December 31. Automakers and environmentalists cry foul. The Senate, introducing its own tax-reform scheme on Thursday, decides to retain the credit. Automakers and environmentalists cry “bravo.” 

But the truth lurks behind the C-Span broadcast: Whatever Congress decides, the clock is ticking on EV credits regardless. And if that clock isn't restarted, you can bet your bottom dollar—or, rather, $7,500 of them: EV sales are going to tank, badly, and even Tesla’s electric magic will be powerless to stop a sales blackout.



Read Article


Tesla Potentially Faces $200 Million In Refunds If EV Tax Credit Goes Away

About the Author

Agent009

User Comments

TheSteve
jonesharrison
TomM
SanJoseDriver
Hauerg
SanJoseDriver
skytop
SanJoseDriver
Hauerg
RzRBackCarGuy81
SanJoseDriver

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]