With Tesla likely to hit 200,000 electric cars sold in the U.S. later this year, it will begin a phasedown process during which the income-tax credits available to its buyers start to dwindle on a set schedule. General Motors is likely to hit the same cap a couple of quarters after Tesla. Now those two companies are lobbying for an expansion of... Automakers, electric utilities want electric-car tax credit extended
With Tesla likely to hit 200,000 electric cars sold in the U.S. later this year, it will begin a phasedown process during which the income-tax credits available to its buyers start to dwindle on a set schedule. General Motors is likely to hit the same cap a couple of quarters after Tesla. Now those two companies are lobbying for an expansion of... 
It's been a topic of discussion for years: What will happen when a carmaker reaches the cap on U.S. sales of electric cars that qualify for the full federal tax credit of $7,500? That number is 200,000; after the rest of that calendar quarter and the one following, the credit is halved for a further two quarters. Rough calculations indicate that... 
Toward the end of last year, electric-car shoppers began to think about a U.S. market without the $7,500 federal tax credit for their purchases of plug-in vehicles. While the tax credit ended up surviving the massive tax-cut bill passed in December, some automakers are still about to face the end of the incentive. As designed and implemented in... 
A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited. Once a manufacturer reaches sales of 200,000 plug-in electric cars (after December 31, 2009), the credits start to phase out for that company's cars... ![2015 Nissan Leaf charging back at home after 1,000-mile road trip [photo John Briggs]](https://images.hgmsites.net/tmb/2015-nissan-leaf-charging-back-at-home-after-1000-mile-road-trip-photo-john-briggs_100558587_t.gif)
Fears that Congress would kill the federal tax credit for purchase of a plug-in electric car were laid to rest in December when that incentive survived the $1.5 billion tax-cut bill. Now Congress has added back a handful of other tax credits related to electric cars and greener transportation in the $400 billion budget bill it passed in the wee... ![Chevrolet Bolt EV being charged outside Go Forth electric-car showroom, Portland [photo: Forth]](https://images.hgmsites.net/tmb/chevrolet-bolt-ev-being-charged-outside-go-forth-electric-car-showroom-portland-photo-forth_100606247_t.gif)
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... 
Several years ago, Georgia offered a generous state-tax credit for purchase of a zero-emission vehicle, and its sales of electric cars boomed. When state politics interceded to kill that credit in 2015—and add a new tax specifically on those same vehicles—the state became a case study on what happens when such incentives are suddenly... 
Rather to the surprise of electric-car advocates, the massive tax bill passed by the U.S. Congress in December did not eliminate the federal tax credit for purchase of a plug-in electric vehicle. That credit lets buyers take a credit of $2,500 to $7,500 on their income-tax filing in the year of purchase. Now, financial columnist James Stewart has... ![Virginia State Capitol, Skip Plitt/C'ville Photography [CC BY-SA 3.0]](https://images.hgmsites.net/tmb/virginia-state-capitol-skip-plitt-cville-photography-cc-by-sa-3-0_100638890_t.gif)
Virginia is for lovers—and it may soon be for lovers of electric cars and plug-in hybrids, too. Virginia House Delegate David A. Reid [D-32nd] has proposed a bill, expected to hit the House floor Wednesday, that would see buyers of electric vehicles receive a state-tax rebate of up to $3,500. Currently, Virginia's green-car incentives are... 
The tax reform bill likely to be voted on by the U.S. Senate and House of Representatives retained a number of provisions originally slated to be cut from the tax code. Among them was the federal income-tax credit for purchase of a plug-in electric vehicle. Three carmakers—General Motors, Nissan, and Tesla—have now used more than half...