Toyota will join Tesla, GM in losing EV tax credit after it reaches sales cap

Toyota will soon join Tesla and General Motors as automakers that no longer qualify for the $7,500 electric vehicle tax credit. The Japanese automaker is expected to reach the sales cap before the end of June, a company representative said. After electric vehicle manufacturers reach 200,000 unit sales, they no longer qualify for the EV … Continue reading Toyota will join Tesla, GM in losing EV tax credit after it reaches sales cap