Tax Credit Limit Looms Over Electric Vehicle Market (Podcast)

July 1, 2022, 8:46 AM UTCUpdated: July 1, 2022, 6:13 PM UTC

The electric vehicle market in the United States is reaching an inflection point as companies look to boost manufacturing at the same time another large automaker is on the verge of losing a critical consumer incentive.

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The $7,500 electric vehicle tax credit begins phasing out at 200,000 vehicles sold per manufacturer, a threshold General Motors Co. and Tesla Inc. hit years ago. Toyota Motor Corp. announced Friday that it has hit ...

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