This could be a game changer for how we buy electric cars — and I’m all for it

Electric cars are becoming increasingly popular, especially given current gas prices, but that doesn’t change the fact that they are usually more expensive to buy. This is where the federal EV tax credit comes in, which allows buyers to reimburse up to $ 7,500 from the price of an ad for a vehicle that includes electric vehicles.

Unfortunately, some car manufacturers may fall victim to their own success. The EV tax credit only applies to the first 200,000 cars sold by the carmaker, after which buyers are left to pay the full price of the ad. Currently, this only applies to Tesla and General Motors, but there are reports that Toyota, Nissan and Ford may be close to this threshold.