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$7000 Tax Credit to Extend to 400,000 Vehicles

$7000 Tax Credit to Extend to 400,000 Vehicles

Congress introduced a bipartisan bill Wednesday that will increase the reach of an existing electric vehicle tax credit.

The bill will increase the electric vehicle tax credit enjoyed by electric vehicle car buyers to 400,000 vehicles per manufacturer. Two of the biggest beneficiaries will be Tesla and General Motors.

https://www.thestreet.com/markets/tesla-gm-rise-as-lawmakers-reportedly-...

andy.connor.e | April 10, 2019

$7000 credit for 400k vehicles. Not $7500.

rxlawdude | April 10, 2019

Trump won't sign it. And McConnell probably won't even bring it up for a vote.

jimglas | April 10, 2019

unfortunately true, they are both owned by the fossil fuel industry

tew ms us | April 10, 2019

@Andy Thanks for the correction

andy.connor.e | April 10, 2019

No worries! wouldnt want to create another conspiracy thread ;D