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The U.S. Senate version of the tax-reform bill introduced late Thursday retains the $7,500 tax credit. The House version (HR1) eliminates the $7,500 tax credit. We'll have to wait to see what the final result is.
 

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Are they extending it beyond to 200K limit or will GM/Tesla/Nissan still get hit with the phase out??????
 

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They should eliminate the existing credit, and replace it with a point of sale discount of around $3500 that slowly phases out at the same rate for all brands. Eliminate the benefit of coming late to the party.
 

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They should eliminate the existing credit, and replace it with a point of sale discount of around $3500 that slowly phases out at the same rate for all brands. Eliminate the benefit of coming late to the party.
Yes, but after I take delivery of my Tesla. :)
 

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The final wording won't be ironed out until the Senate and House versions reach the reconciliation stage.

As noted in other threads, the current version of the credit penalizes those companies who have put in the work to develop electric cars, so it would be good for it to go solely for this reason. Rewarding those who failed to take the risk and put in the hard work, at the expense of those that did isn't the American way.
 

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Why not keep the tax credit, unchanged, or make it even higher? A $9,000 credit would be nicer. Either way I think it's important the credit be maintained at the current level minimally. Let's contact our representatives to voice our support.
 

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Why not keep the tax credit, unchanged, or make it even higher? A $9,000 credit would be nicer. Either way I think it's important the credit be maintained at the current level minimally. Let's contact our representatives to voice our support.
Why should American taxpayers subsidize Toyota and Honda at the expense of GM and Tesla? The credits for GM, Tesla and Nissan, who made the investment in EVs long before they were cost effective will run out next year. Meanwhile Honda and Toyota had to be dragged kicking and screaming into the EV generation by China. It wasn't until this year that either of them had an EV offering and most of their offerings are half assed, the Prius Prime has 25 miles of range and the acceleration of a Galapagos tortoise, the Honda Clarity plugin is reasonable but the Clarity plugin isn't competitive with a gen 1 Leaf let alone the Bolt or the Gen2 Leaf, why should they be given an advantage over GM?
 
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