The beginning of the new year means the start of a new electric vehicle tax incentive in the US.Until now, the IRS allowed taxpayers to claim a tax credit of up to $7,500 on a new plug-in vehicle, with the exact amount determined by the battery's capacity in kWh.Additionally, the credit was designed to sunset once a manufacturer sold its 200,000th plug-in, although only Tesla and General Motors ever reached that milestone.
#additionally #requirements #north-america #manufacturer #general-motors #treasury-department #tax-credits #late-december
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