Submitted by ColonyGolfer on Fri, 2017-12-15 13:51
From Car and Driver, 40 minutes ago:
$7500 federal tax credit awarded to buyers of new electric cars—a major incentive that plays an important role in making EVs price competitive with gasoline-powered vehicles—appears to have survived in the final version of the Republican tax bill now working its way through Congress. The tax legislation axes many popular credits and deductions, as it seeks to at least partly offset slashes to corporate and other tax rates, and the $7500 EV tax credit had been among the cuts in the version of the bill passed by the House of Representatives. The Senate bill, however, maintained the EV tax credit, and Bloomberg is reporting that in the compromise legislation the credit is maintained.