Despite electric vehicles being the most efficient vehicles on the market, with gas prices having been relatively low over the last few years, electric vehicle sales in the United States have not been overwhelming. EV’s sold in the US reached a peak of 361,000 units last year (an 81% increase over the prior year) – thanks to the popularity of the Tesla Model 3. Yet, this constitutes just 2.1% of all light vehicles sold in the US. With that low of a total market share, you may be surprised to learn that the very generous federal electric vehicle income tax
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[Read the rest of the story at 20somethingfinance.com]