Carmakers are fighting for a $7,500 electric-car credit that the GOP tax bill would kill

Adam Bink, a 33-year-old resident of Sonoma, California, ordered a Tesla Model 3 when Tesla CEO Elon Musk unveiled the electric sedan in March 2016. He’s expecting to get the car next spring – a delayed delivery date because of Tesla’s production struggles.

But if Congress passes House Republicans’ massive tax bill as written, it won’t matter whether Bink will get his car a few months late. He says he would have to cancel his order. That’s because the healthcare bill, which the GOP hopes will become law as soon as Christmas, would eliminate a $7,500 tax credit for electric vehicles.

“It just puts it out of reach financially,” Bink said in an interview. “I have to think that a lot of people who placed reservations for this car are in the same boat where they did the math and said, ‘This helps me out and makes it a more reasonable budget.’”

Prev1 of 4Next

Leave a Reply

Your email address will not be published. Required fields are marked *