Tesla promises all cars ordered by October 15th will qualify for $7,500 tax break

Put in place early on in the Obama administration, the tax credit was seen as a tool that could be used to encourage customers to buy plug-in electric or hybrid vehicles. And while many didn’t expect the credit to survive in a Republican-controlled government, it managed to slip its way into the tax bill that was signed by President Trump in December.

But for how long it will last is anyone’s guess: Sen. John Barrasso (R-WY) introduced a bill this week to kill the tax credit and instead raise taxes on electric vehicles. Another bill would remove the delivery limit for the tax credit and replace it with a time limit.

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