Electric vehicle (EV) advocates welcomed a Senate tax reform package that keeps the federal tax credit in place on purchases of renewable energy automobiles. But the celebration may be a bit premature as the battle to maintain the rebate on purchases of new hybrids and EVs is not over yet. Congress now moves to the conference process to sort out differences between Senate and House versions of tax reform. The House had previously proposed nixing the $7,500 tax credit. The incentive is currently offered to the first 200,000 EV buyers for each car manufacturer. After those initial credits are issued, the number of offers is cut by half every six months until they’re gone.
#30
