The fate of the EV tax credits depends on the GOP’s megabill

The editor

In an aerial view, electric cars sit parked at a charging station in Corte Madera, Calif., on May 15. Federal tax credits that have encouraged the purchase of electric vehicles could be phased out, depending on what happens with negotiations over the Republican tax and spending package currently before the Senate.

The House version of the tax bill would revoke credits for EVs starting at the end of this year. If the plan survives, it would dramatically shape automaker investments and EV sales.

(Image credit: Justin Sullivan)