The first federal tax credit incentive for electric cars was part of the Energy Policy Act of 2005, and it applied to the first 60,000 plug-in hybrid vehicles sold by eligible manufacturers. The new incentive was originally authorized in 2008 and applied to the first 200,000 qualifying vehicles sold, and applies to cumulative sales after December 21, 2009.
Popular models like the Chevy Bolt EUV no longer qualify for the full tax credit because General Motors has surpassed the 200,000 vehicle mark.
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