I downloaded the Tax Bill Conference Agreement, and on page 568 of 1097 pages I found the following section.
My take (as well as Bloomberg, Fortune, and CleanTechnica) on this is that the repeal of the $7,500 tax credit did not make it into the final conference agreement.
Here below is the text of the Conference Agreement section on electric vehicles.
3. Repeal of credit for plug-in electric drive motor vehicles (sec. 1102(c) of the House bill
and sec. 30D of the Code)
Present Law
A credit is available for new four-wheeled vehicles (excluding low speed vehicles and
vehicles weighing 14,000 pounds or more) propelled by a battery with at least 4 kilowatt-hours
of electricity that can be charged from an external source. The base credit is $2,500 plus $417
for each kilowatt-hour of additional battery capacity in excess of 4 kilowatt-hours (for a
maximum credit of $7,500). Qualified vehicles are subject to a 200,000 vehicle-permanufacturer
limitation. Once the limitation has been reached the credit is phased down over four calendar quarters.
House Bill
The provision repeals the credit for plug-in electric drive motor vehicles.
Effective date.−The provision is effective for vehicles placed in service in taxable years
beginning after December 31, 2017.
Senate Amendment
No provision.
Sec. 22(e)(3).
Sec. 30D.
Conference Agreement
The conference agreement does not include the House bill provision.
My take (as well as Bloomberg, Fortune, and CleanTechnica) on this is that the repeal of the $7,500 tax credit did not make it into the final conference agreement.
Here below is the text of the Conference Agreement section on electric vehicles.
3. Repeal of credit for plug-in electric drive motor vehicles (sec. 1102(c) of the House bill
and sec. 30D of the Code)
Present Law
A credit is available for new four-wheeled vehicles (excluding low speed vehicles and
vehicles weighing 14,000 pounds or more) propelled by a battery with at least 4 kilowatt-hours
of electricity that can be charged from an external source. The base credit is $2,500 plus $417
for each kilowatt-hour of additional battery capacity in excess of 4 kilowatt-hours (for a
maximum credit of $7,500). Qualified vehicles are subject to a 200,000 vehicle-permanufacturer
limitation. Once the limitation has been reached the credit is phased down over four calendar quarters.
House Bill
The provision repeals the credit for plug-in electric drive motor vehicles.
Effective date.−The provision is effective for vehicles placed in service in taxable years
beginning after December 31, 2017.
Senate Amendment
No provision.
Sec. 22(e)(3).
Sec. 30D.
Conference Agreement
The conference agreement does not include the House bill provision.