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Tesla, GM and Nissan are all part of a new coalition aiming to extend the EV tax credit

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Tesla, GM and Nissan are one of a group of 15 firms that found a new coalition aimed at reforming the electric car tax credit.

The group, known as EV Drive Coalition, brings together a mix of automakers, industry giant ABB, climate change and energy lobbying associations and EV infrastructure businesses, such as ChargePoint.

The coalition, which formally launched Tuesday, wants to pass legislation that would tweak the federal electric car tax charge to “make sure that it works better for more customers to get a longer time period and spurs increased growth of their U.S. EV marketplace. ”

The electric vehicle tax credit that is federal gives consumers a credit if they buy an all-electric automobile. The incentive has been credited with all the adoption of EVs. However, as soon as an automaker has sold 200,000 electrical vehicles, the charge starts to wind down.

Tesla is currently in this position and GM is shutting in.  Earlier this year, the electrical automaker delivered its 200,000th electric vehicle. The achievement activated a countdown for its $ tax credit offered to customers who buy vehicles. Under those rules, Tesla clients should take delivery of the Model S, Model X or Model 3 by December 31 to receive the credit.

Tesla vehicles delivered between January 1 and June 30, 2019, will find a diminished $ tax charge. Before finishing 12, the charge drops.  As of October, GM has sold almost 197,000 electrical vehicles.
Tesla GM electric vehicle tax credit

The EV Drive Coalition wants to raise the existing cap on the amount of customers who can make the most of their charge through every producer.

“Arbitrary limitations with the federal credit limit consumer choices and make it harder for customers to buy the cars that they want,” Joel Levin, executive manager of Plug In America said in a statement. “Lifting the cap will create a more level playing field to all manufacturers, giving consumers the freedom to choose which car they want at a market that is fair and free. Competition spurs more American innovation and technology. ”

The coalition says it supports the of their charge when the EV business has had time to grow and expand.


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