EV Credit is Still Alive in Tax Reform Bill

U.S. House and Senate negotiators are reportedly keeping the electric-vehicle tax credit of $7500 as part of a compromise package on tax reform.

Auto industry leaders pushed back on its elimination as the credit has been the primary motivator to electric vehicle sales.

“I’m a proponent of that staying in because it’s the right thing to do,” GM CEO Mary Barra said earlier this week. If the incentives are dropped, “that would change the equation” and make battery-based products less financially attractive she added, though she said GM would not back down on its commitment to the technology.

Read the original article at The Detroit Bureau.

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