The transition away from gas-powered vehicles rests on convincing consumers of the benefits of electric vehicles. That hasn’t been easy because the cars have higher sticker prices even though researchers say that they cost less to own. But some scholars believe that a major technological breakthrough will be required to make electric cars much, much cheaper. But the main such federal incentive — a $7,500 tax credit for the purchase of new electric cars — begins to phase out for cars once an automaker has sold 200,000 E.V.s. electric cars, for example, no longer qualify for that tax credit but buyers of Ford and Volkswagen electric cars do.

Source: New York Times March 31, 2021 20:51 UTC