Automakers seek to save tax credit that benefits electric vehicles

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Clean vehicle tax credit may be in jeopardy The auto industry has mobilized in the United States to combat a proposal that would put an end to a tax credit that supports electric vehicles. Currently, the tax credit provides as much as $7,500 to those interested in purchasing plug-in electric vehicles. The tax credit applies to the first 200,000 of these vehicles that are produced by automakers. After this limit is reached, the tax credit is phased out over time. Clean vehicles may not appeal to consumers without the tax…

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