Will Disappearing Tax Credits Impact Electrical Vehicle Sales in the Future?

Under the tax credits created during the Obama administration, new electrical vehicle purchasers can claim from $2,500 to $7,500 depending on the size of the car and its battery capacity. Each manufacturer can sell 200,000 in the US before they have to phase out out the tax credits, which are reduced by 50% every 6 months once the manufacturer hits to 200,000 vehicle mark.




Will disappearing tax credits impact electrical vehicle sales in the future?  The answer appears to be a resounding no.  Tesla has already hit 200,000 vehicles and does not show any signs of slowing down its production.  And, General Motors is expected to pass the 200,000 mark by the end of 2018.  In fact, GM is expected to have at least 20 electric model vehicles in its lineup.  Only time will tell.

And, with electrical vehicle production on the rise, lemon electrical vehicles will almost certainly be on the rise as well.    

Do you have a problem electrical vehicle that has been in the shop and still isn't fixed?  If you purchased your electrical vehicle in Ohio or Kentucky, or had it repaired in either state, then we may be able to help you.  Feel free to call our Toll Free Hotline, 1.888.331.6422, to see if we can help you out of your defective vehicle today.

Beth Wells

www.BurdgeLaw.com

www.OhioLemonLaw.com

www.KentuckyLemonLaw.com

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