The renewable energy subsidies survived Republican tax reform, including the $7500 electric vehicle tax credit which begins to phase out after a company sells 200,000 electric vehicles.
The 200,000 limit on the tax credit was added in 2009 when Congress extended incentives for plug-in vehicles passed during the George W. Bush administration, as a way to move the nation toward energy independence.
Tesla and G.M. have benefited from the tax credit, but will soon lose their competitive edge as they both are expected to reach the 200,000 limit this year.
Read the article at The New York Times.
