[rukittenme]

The majority of the EV market is high-end, luxury vehicles.

There is a 200k cap on the credit. Meaning mass market EVs do not receive the credit. It exclusively benefits low volume, high margin EVs. Which are exclusively marketed to the rich.

[r00fus]

I just bought an EV that was $31K list for $16K (lease) because I got $7500 off my lease price for the federal tax credit.

Do you consider $31K to be luxury? Or are you saying that because you aren't really familiar with the market?

[cptskippy]

It is?

As of the end of 2016 Tesla's cumulative sales were ~160k units. Nissan alone has produced over 300k of the Leaf.

The Bolt exceeded the Model S in sales last month selling just under 3000 units.

[rukittenme]

Please re-read what I said:

> There is a 200k cap on the credit.

Meaning if you sell more than 200,000 cars you no longer get the credit. GM sold 10 million ICE cars in 2016. If they were all EV 9,800,000 would not have received the credit.

[cptskippy]

> The majority of the EV market is high-end, luxury vehicles.

That's false.

> It exclusively benefits low volume, high margin EVs.

That's also false. It benefits high margin vehicles regardless of volume and high margin does not necessarily mean luxury.

> Meaning if you sell more than 200,000 cars you no longer get the credit.

That's also false. Crossing the 200k mark starts a phase out process that takes a year.

So if GM managed to produce and sell 10 million ICE cars in the United States in 1 calendar year, the buyers would all receive a tax credit.

As yet, no manufacturer has reached 200k sales in the United States. Again Nissan leads the pack but has yet to reach the 200k mark.