Trump: doing everything he can to destroy AmericaErrr... I mean making Amerika great again.
House Republicans propose to scrap $7,500 electric vehicle credit
Reuters Staff
WASHINGTON (Reuters) - House Republicans are proposing to eliminate a $7,500 tax credit for electric vehicles that could hurt automakers like General Motors Co, Tesla Inc and Nissan Motor Co that are selling larger numbers of vehicles, according to a summary seen by Reuters.
Current law allows automakers to use the credit that phases out after an automaker hits 200,000 plug-in vehicles sold. Electric vehicles have expensive batteries that make them pricier than gasoline-powered vehicles.