Chevrolet

With climate warnings, no time for a retreat on electric cars

With climate warnings, no time for a retreat on electric cars

A friend who just bought a Chevrolet Bolt — that’s the impressive all-electric, subcompact hatchback that you’ve probably never seen advertised on national television — says he paid $29,000 for it, after federal and state tax credits. The starting price was close to $40,000. “But, if you want one, you’d better hurry up,” my all-electric friend says. “They’re phasing out the federal tax credit.”

He’s right. The federal part of the tax credit — up to $7,500 per vehicle — starts to go away when a manufacturer sells 200,000 electric vehicles (including plug-in hybrids). The credit drops by half and, within a year, to zero. It’s nuts: A nation of more than 200 million drivers, the vast...

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