The Plug-In Electric Vehicle Tax Credit

Buyers of qualifying plug-in electric vehicles (EVs) may be able to claim a federal income tax credit of up to $7,500. The tax credit phases out once a vehicle manufacturer has sold 200,000 qualifying vehicles. Tesla and GM have reached this threshold, and credits for Tesla and GM vehicles will begin phasing out in 2019. In the 116th Congress, legislation has been introduced that would expand tax credits for EVs. Legislation has also been introduced to repeal the provision. This In Focus provides an overview of the plug-in EV tax credit and briefly discusses relevant economic policy considerations.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; Photos;
  • Pagination: 3p

Subject/Index Terms

Filing Info

  • Accession Number: 01719264
  • Record Type: Publication
  • Report/Paper Numbers: IF11017
  • Files: TRIS
  • Created Date: Oct 10 2019 3:10PM