Congress Just Took A Step Toward Killing The $7,500 EV Tax Credit

• The House Of Representatives introduced a bill on Monday that would phase out federal EV tax credits. 
• It hasn't passed yet, but it's the most serious step Congress has taken toward repealing the credits, which are a key driver of EV sales and leases.
• President Donald Trump is strongly opposed to EV tax credits, so if the bill gets through both houses of Congress he's all but certain to sign it.