General Motors sold 200,000 e-vehicles in US by 2018, triggering tax-credit phaseout: Source
The largest U.S. automaker reached the figure in the fourth quarter of 2018, which means the credit will fall to $3,750 in April, and then drop to $1,875 in October for six months. The credit will completely disappear by April 2020. The 200,000 figure covers GM`s cumulative EV sales since 2010.
GM and Tesla Inc, which hit the 200,000 figure in July 2018, have both lobbied Congress to lift the cap or extend the existing tax credit. Image source: Reuters