Category: IRS Tax Credit

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Congressional Democrats file bills to extend federal electric-car tax credits

Chevrolet Bolt EV being charged outside Go Forth electric-car showroom, Portland [photo: Forth]Vermont Congressman Peter Welch has filed a bill to extend federal electric-car tax credits for 10 more years, just as the credits begin to run out on the two largest electric-car manufacturers, Tesla and General Motors. Both Tesla and General Motors are expected to reach their cap of 200,000 electric car sales in 2018. Tesla may already have. The...
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When do electric-car tax credits expire? (updated for 2018)

Chevrolet Bolt EV being charged outside Go Forth electric-car showroom, Portland [photo: Forth]In less than three months, personal income-tax returns or 2017 will be due for most U.S. adults. Some of those taxpayers will have bought a plug-in electric car last year, knowing that the Federal government offers an income-tax credit to help reduce the effective cost. But as more and more electric cars hit the roads, will electric-car shoppers...