"Electric Vehicles: Republican Tax Overhaul Would Scrap EV Credit"

"House Republicans proposed eliminating a $7,500 electric vehicle tax credit that automakers have depended on to prop up early sales.

The proposal released by the House Ways and Means Committee today would end the tax credit after the 2017 tax year (Greenwire, Nov. 3).

It would deal a blow to a fledgling sector of the auto market just as major automakers like General Motors Co., Volkswagen AG and Tesla Inc. have promised to ramp up offerings and production of electric vehicles. The clean vehicles represent barely 1 percent of total U.S. car sales."

Camille von Kaenel reports for E&E News PM November 2, 2017.


"GOP Tax Bill Ends Electric Vehicle Tax Credit, Overhauls Other Energy Taxes" (The Hill)

"The GOP Tax Bill Kills A $7,500 Electric-Vehicle Credit — And That's Terrible News for Tesla" (Business Insider)

Source: E&E News PM, 11/03/2017