Electric cars just hit a wall — and it’s the new EV tax credit

Late last month it was announced that the federal EV tax credit was being expanded. Sales-based eligibility is going away, with new requirements focusing on where and how electric cars are made. Unfortunately, according to the Alliance for Automotive Innovation (opens in new tab), this means most electric cars on the market won’t be eligible.

According to the lobbyist group, there are 72 electric car models on sale in the United States — a figure that includes plug-in hybrids and hydrogen fuel cell vehicles. Of those 72, the group claims that 70 percent will be ineligible under the new tax credit rules.

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