Tesla Joins GM, Nissan to Press for Extended Electric Car Credit

Tesla Inc. and other automakers that are set to lose access to a lucrative tax credit for electric vehicles are teaming in a new lobbying drive to have the federal incentive extended.

The EV Drive Coalition, which also includes General Motors Co. and the Nissan Motor Co., formally launches Nov. 13 with the goal of getting Congress to extend the $7,500 per-vehicle consumer tax credit.

The incentive is credited with helping establish the nascent market for electric cars, but it starts to phase down once a manufacturer sells 200,000 of the vehicles.

Tesla reached that limit in July and GM ...