Tag: Tax Cuts

House Republicans propose scrapping $7,500 EV tax credit

Dumping of EV tax credit panned by automakers, environmentalists US House Republicans looking for ways to fund tax cuts are proposing to eliminate the $7,500 EV tax credit which helped boost sales of electric vehicles. Currently, the EV tax credit phases out after an automaker sells 200,000 plug-in vehicles.  The tax credit was implemented to […]