Tesla and GM push new Federal EV tax credit

Several automakers are joining with electric vehicle charging companies and others in a new coalition urging Congress to expand availability of $7,500 consumer tax credits for buying EVs.

Why it matters: Rollout of the EV Drive Coalition comes as Tesla, GM and Nissan — who are all members — have hit or are approaching the cap of 200,000 vehicles per manufacturer before the credit drops in value and then phases out.