End of EV Tax Credits coming?

Now that sounds fun, except for the possible traffic jam!!

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I forgot the auto-on headlights. That would've been nice as well.

 

Looks like the senate will have enough votes to ram this tax reform down our throats. From what I’ve read so far, the Senate version of the bill needs about 350 million in cuts to pass the Byrd rule.

Get your Ev credits in before the ev credit disappears.

 

With all the tax "reform" legislation going on I would have thought that the tax credit for having batteries in a new car would got ignored considering how small it is compared to what our lawmakers are dealing with.

 

Since the previous administration supported it...

 

I wouldn't start planning the funeral for EV credits just yet, and besides.....BEVs and PHEVs are on the cusp of being economically viable even without the federal kickback money.
Used and off-lease Leafs (Leaves?) Volts and Pips are trickling downmarket and there's a gathering force of demand for these vehicles.
Also....GM, Toyota, and Nissan aren't going to just pretend that the whole EV thing didn't happen and walk away from gigabucks worth of R/D, and there's every chance that Tesla will continue to make vehicles.


Time to throw away the pacifier!!
It will actually be BETTER for the BEV market in the long run.

 

I agree, if you look at a lot of the different cars, they have a battery capacity which meets the max tax credit and no more!

 

Not so fast, Grasshopper; there is hope coming from the Parliamentarian that the fiasco may die!! Stay tuned!! ☠☠

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Plug-in sales will probably be high this month and for 2017 due to pre-buying, judging from the posts here some have already run out and made that Prime purchase. Expect a fall-off in Jan I suppose.

I'll be surprised if plug-in incentives are immediately killed, but who knows?

 

Killed and buried after Dec. 31st, 2017. Way things are going we might be fined for driving a hybrid/plug in.

 

I can see it now. Hybrid/plug in prohibition with hidden entrance garages where hybrids go to secretly plug in called "charge-easies."

 

Behind a big wall

 

3000 miles long, with machine-gun turrets, and mine fields!! I am an immigrant, so nothing new!! Ban electric cars; bad for the economy (Exxon, Chevron). Legalize marijuana; good for the economy (more taxes)!! Makes complete sense!!Har, har!

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They're already making us pay extra for driving a plug in. Fee/fine not much difference.

 

Senate bill just passed. Buy now if you want any hope of the EV credit.

 

If I recall. the Senate bill does not impact EV credit?
I am *not* getting any emergency emails from Plug-In America, although they are smart enough to ask for donations now.

 

Of course some States are, or planning, to have higher registration fees for electric vehicles. I believe Oregon has delayed our additional fee until 2020, but it’s coming.

Craig

 

Electrek site reports that the Senate bill passed yesterday contains an amendment eliminating the EV tax credit for vehicles placed in service after 12/31/17. See The $7,500 electric vehicle tax credit is in danger again as Senate passes tax reform | Electrek

 

The EV Tax Incentive is going to get AXE. It didn't make it through the House Version and Senate. The tax reform bill needs to pass the Byrd Rule of not raising the deficit 1.5T by 10 years.

SA 1746. Mr. FLAKE submitted an amendment intended to be proposed to
amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for himself
and Ms. Murkowski)) to the bill H.R. 1, to provide for reconciliation
pursuant to titles II and V of the concurrent resolution on the budget
for fiscal year 2018; which was ordered to lie on the table; as
follows:

At the appropriate place, insert the following:

SEC. ____. TERMINATION OF CREDIT FOR NEW QUALIFIED PLUG-IN
ELECTRIC DRIVE MOTOR VEHICLES.

(a) In General.--Subpart B of part IV of subchapter A of
chapter 1 is amended by striking section 30D (and by striking
the item relating to such section in the table of sections
for such subpart).
(b) Conforming Amendments.--
(1) Section 38(b) is amended by striking paragraph (35).
(2) Section 1016(a) is amended by striking paragraph (37).
(3) Section 6501(m) is amended by striking ``30D(e)(4),''.
(c) Effective Date.--The amendments made by this section
shall apply to vehicles placed in service in taxable years
beginning after December 31, 2017.

 

So much for encouraging progress. Seems like we are moving backwards. Glad I made the deadline. Good luck to those trying to do so before 12-31-17.