Federal EV Tax Credit Phase Out Tracker By Automaker

Current table below includes sales data from the

InsideEVs Monthly Plug-in Sales Scorecard – through October 2018

Manufacturer*

Total Sales
2010 - Oct. 2018**
# To
Reach
200,000
Likely
to Reach
200,000
Audi9,343190,6572025
BMW77,546122,4542023
Fiat Chrysler Automotive (FCA)36,306163,6942025
Ford Motor Company110,58389,4172022
General Motors ****203,960-39602018 Q4
Honda Motors18,702181,2982025
Hyundai8,280191,7202025
Jaguar5199,9952027
Kia11,109188,8912025
Mercedes-Benz17,004182,9962024
Mitsubishi5,566194,4342025
Nissan126,74773,2532021
Porsche9,392190,6082025
Tesla ***295,473-95,4732018 Q3
Toyota Motor Corporation90,699109,3012021
Volvo8,206191,7942024
Volkswagen12,962187,0382023

Notes: *As defined by IRS. BMW includes Mini, FCA includes Chrysler, Mercedes-Benz includes smart | **EV Sales beginning Jan 1, 2010 through October 2018 | Auto sales data: InsideEVs Monthly Plug-in Sales Scorecard; Wikipedia | *** Tesla does not break out sales by geographic market, so these numbers are estimates from InsideEVs | **** GM no longer reports sales data on a monthly basis, but just quarterly – GM numbers are also estimated by InsideEVs | Research & Chart: Loren McDonald / EVAdoption.com

Consumers, analysts, electric vehicle advocates, lawmakers and others are all curious about what will happen to the growth in EV sales when the US Federal EV tax credit begins to phaseout for some automakers. We won’t know of course until the credit phase out actually begins for some manufacturers. Tesla reached the milestone in July 2018 and General Motors will do so in Q4 2018.

Our view at EVAdoption is that the credit phase out will have only a minor impact on the Tesla Model 3, but could hurt sales of GM’s Chevrolet Bolt and eventually Nissan’s LEAF. However, beyond GM and Tesla, no other automaker is likely to reach the 200,000 unit sales threshold until around 2021-2022 at the earliest.

EVAdoption will update our Federal EV tax credit phase-out tracker every few months, so check back on a regular basis.

Additional Articles and Resources on the Tax Credits: