Tesla and GM form new coalition to push new EV tax credit

Tesla superchargers are installed at the Quinte Mall in Belleville, Ontario, Canada, May 6, 2018. /David Lucas/Reuters File Photo

Several automakers are joining with electric vehicle charging companies and others in a new coalition urging Congress to expand the availability of $7,500 consumer tax credits for buying EVs.

The rollout of the EV Drive Coalition comes as Tesla, GM and Nissan — who are all members — have hit or are approaching the cap of 200,000 vehicles per manufacturer before the credit drops in value and then phases out.

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