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The U.S. $7500 tax credit for buying electric cars is cut in half two quarters after a manufacturer hits 200,000 units. Two quarters later it is cut to 25 perc
by martincmartin 9y ago
The U.S. $7500 tax credit for buying electric cars is cut in half two quarters after a manufacturer hits 200,000 units. Two quarters later it is cut to 25 percent, and at the start of the sixth quarter after the limit is reached, the credit disappears completely.
I wonder if enough people know about this to produce pressure to buy Model 3's quickly?
https://cars.usnews.com/cars-trucks/how-does-the-electric-car-tax-credit-work https://cars.usnews.com/cars-trucks/how-does-the-electric-ca...
- toomuchtodo 9y agoTesla is planning deliveries to maximize the amount of owners who can receive a credit. Estimated phase out schedule: http://i.imgur.com/D3AoD18.png http://i.imgur.com/D3AoD18.png
- mikeash 9y agoThere's definitely a ton of discussion about the credit in the Tesla fan community, with reservation holders speculating and worrying about whether they'll be able to obtain the full credit. I don't think buying pressure matters too much at this point, though. It'll be a while before they can build enough for buyers to be the limiting factor. The tax credit will probably start phasing out while they're still production-limited.