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It is actually quite a bit more than that, as the figure above only accounts for sales of the first 200k units. The phaseout after that is time-based rather tha
by jsight 7y ago
It is actually quite a bit more than that, as the figure above only accounts for sales of the first 200k units. The phaseout after that is time-based rather than unit based. The real figure for Tesla (for example) will probably be closer to 2.25 billion.
But all of this goes to the consumer in the form of a demand side tax non-refundable tax credit. It will not help if they fail to get into production due to liquidity problems. Many businesses have failed trying to get to that point.