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GM to Congress: Eliminating tax credit will harm EV sales

Posted By GMbeat on Articles - f Congress eliminates an electric vehicle tax credit it "will have an impact" on sales of U.S. electric vehicles such as General Motors' Chevrolet Bolt, GM Chief Executive Mary Barra said on Monday. The House version of a bill that would cut corporate tax rates calls for eliminating the current tax credit of up to $7,500 for purchasers of electric vehicles. Auto industry and environmental groups are lobbying to save the credit as the House and Senate move to merge their versions of the tax overhaul legislation.

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