Daily Tax Report ®

Lawmakers Reintroduce Electric Vehicle Tax Credit Legislation

April 2, 2019, 8:29 PM

Lawmakers in both chambers of Congress reintroduced legislation to extend the electric vehicle tax credit and remove a limitation that is already affecting Tesla and General Motors.

“Market-based incentives that help EVs compete with gas-powered cars and build clean energy infrastructure are not only good for our economy, they’re essential to our future,” Sen. Jeff Merkley (D-Ore.), one of the lead sponsors of the bill, said in an April 2 news release. Rep. Peter Welch (D-Vt.) is leading the effort in the House.

  • Under tax code Section 30D, buyers can claim a federal...
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