House introduced bill to phase out $7500 federal EV tax credits 👎

[SL8R]

I should have been more thorough….the incorrect information I’m referring to is that somebody said the EV tax credit would still be available to buyers of an EV as long as they reserved a purchase before the EV tax credit is discontinued.

I think that is applicable to the Commercial tax credit for company orders. If they had their order in before the credit expired, the credit would be valid, although the delivery will happen sometime later. Vice a personal EV purchase which happens at time of purchase (more or less).

This is what I found interesting in the recent Reuters article regarding an extension of the credit for automakers that have not yet sold 200,00 EV’s.

“The proposal, which is set for a House Ways and Means Committee hearing on Tuesday, would repeal a $7,500 new-vehicle tax credit and a $4,000 used-vehicle credit on Dec. 31, although it would maintain the new-vehicle credit for an additional year for automakers that have not yet sold 200,000 EVs.”

Would be appreciated if Slate’s front office could provide us all with some clarity as to how this legislation is tracking from their perspective.