This could be a game changer for how we buy electric cars – and I’m all for it

Electric cars are growing in popularity, especially considering current gas prices, but that doesn’t change the fact they are generally more expensive purchases. That’s where the federal EV tax credit comes in, allowing buyers to offset up to $ 7,500 off the listing price of a plug-in vehicle – EVs included.

Unfortunately, some automakers can end up victims of their own success. The EV tax credit only applies to the first 200,000 cars an automaker sells, after which buyers are left paying the full listing price. Right now that only applies to Tesla and General Motors, but there have been reports that Toyota, Nissan and Ford could be close to that threshold.

Leave a Comment