The Phaseout of the Federal EV Tax Credit for Tesla and GM

The phaseout of the tax credit will probably not strike sales of Tesla models significantly. However, the tax credit phaseout could impact GM’s Bolt and Volt significantly. Many consumers could opt for the the Honda Clarity PHEV or Toyota Prius Prime over the Volt, and the Hyundai Kona or Kia Niro BEVs over the Bolt.