AS ELECTRIC VEHICLE PRICES RISE, AUTOMAKERS SEEK CONTINUED TAX REBATES

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Muscle Cars and Trucks

It’s no secret that there is a limitation on the number of electric vehicles a company can sell, which are eligible for a tax credit of up to $7,500. Once a company sells 200,000 plug-in electric vehicles, tax credits are no longer available. While GM and Tesla are the only companies that have exceeded that limit so far, the CEOs of General Motors, Ford Motor Company, Stellantis, and Toyota Motor North America are now urging Congress to lift the federal government’s cap. They say a move will help encourage customer adoption of the cars and trucks. General Motors, Ford, Stellantis, And Toyota: …

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