summary>> House Plan Would Eliminate Electric Vehicle’s Tax Credit The credit, as high as $7,500, has served as an incentive to buy electric or plug-in hybrid vehicles By Mike Spector and John D. McKinnon Updated Nov. 2, 2017 4:39 p.m. ET The House GOP tax plan would eliminate the electric vehicle’s tax credit, a proposal that would effectively end thousands of dollars of built-in discounts for buyers and threaten to further hurt sales of battery-powered automobiles in the U.S. just as car companies ramp up investments in them.
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