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The Senate is considering extending EV tax credits

Imad Khan
The Senate is considering extending EV tax credits

As US senate majority leader Mitch McConnell debates making cuts to social security and medicare, Senator Dean Heller (R) of Nevada is hoping to keep electric car sales zipping forward with a new bill that would extend tax credits until 2022. Reuters, which received an early copy of the bill, said it would do away with the current law's model of capping the tax credits after 200,000 EVs are sold. Consdering Tesla sold its 200,000th vehicle back in July, a bill like this would be great news for the struggling auto maker.