The full GOP House tax bill has been released and as expected earlier this morning, it does include the end of the federal tax credit for electric vehicles.
The official language indicates that the bill, in its current form, will end the $7500 subsidy entirely by the end of the year, which is sure to completely change the EV market in the US over the next few months. If you look at what happened to Denmark or even the US State of Georgia when tax incentives end, it isn’t a pretty picture for the EV market.
Here’s how we suggest approaching buying a new Tesla, Bolt EV, Hyundai Ioniq or any electric car really, with this new potential change. expand full story