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EV tax credits under the previous administration applied to almost every EV that wasn't a Tesla. They got Tesla its start, though, so the ladder must be pulled

EV tax credits under the previous administration applied to almost every EV that wasn't a Tesla. They got Tesla its start, though, so the ladder must be pulled up. Of course, carbon offsets are still a huge cash cow for Tesla, so Musk won't be eager to touch those.

duxup 2y ago
> applied to almost every EV that wasn't a Tesla And Tesla? https://www.tesla.com/IRA https://www.tesla.com/IRA
- bdcravens 2y ago
  The tax credits were eventually reapplied to Tesla with the changes starting in 2023, but for a while, Tesla had crossed the sales limit so that the credit wasn't available.
  - evanelias 2y ago
    It's worth mentioning that situation wasn't unique to Tesla, as GM also crossed the sales limit and had no credit available before 2023.
  - craftsman 2y ago
    The phaseout based on units sold was in place as far back as 2018 since Tesla reached it in July 2018 and GM in November 2018. The Inflation Reduction Act of 2022 (effective August 2022, not 2023) reinstated Tesla's eligibility and disqualified a number of other EVs.
    - evanelias 2y ago
      Although the Inflation Reduction Act became effective in August 2022, no EV tax credit was available for new Tesla or GM EVs purchased in 2022, regardless of month. The units-sold threshold phaseout was only lifted for purchases made after 2022. Source: personal experience, as well as https://www.irs.gov/credits-deductions/manufacturers-and-models-for-new-qualified-clean-vehicles-purchased-in-2022-and-before https://www.irs.gov/credits-deductions/manufacturers-and-mod...
      - craftsman 2y ago
        You're right, thank you for the fix. My apologies.
cheema33 2y ago
> EV tax credits under the previous administration applied to almost every EV that wasn't a Tesla. Your statement might give somebody the impression that somebody in the previous administration singled out Tesla. This is obviously not correct. EV credits were available to all car makers. But there was a limit and Tesla reached their limit first. And later GM did as well.

duxup 2y ago

> applied to almost every EV that wasn't a Tesla And Tesla? https://www.tesla.com/IRA https://www.tesla.com/IRA

bdcravens 2y ago
The tax credits were eventually reapplied to Tesla with the changes starting in 2023, but for a while, Tesla had crossed the sales limit so that the credit wasn't available.
- evanelias 2y ago
  It's worth mentioning that situation wasn't unique to Tesla, as GM also crossed the sales limit and had no credit available before 2023.
- craftsman 2y ago
  The phaseout based on units sold was in place as far back as 2018 since Tesla reached it in July 2018 and GM in November 2018. The Inflation Reduction Act of 2022 (effective August 2022, not 2023) reinstated Tesla's eligibility and disqualified a number of other EVs.
  - evanelias 2y ago
    Although the Inflation Reduction Act became effective in August 2022, no EV tax credit was available for new Tesla or GM EVs purchased in 2022, regardless of month. The units-sold threshold phaseout was only lifted for purchases made after 2022. Source: personal experience, as well as https://www.irs.gov/credits-deductions/manufacturers-and-models-for-new-qualified-clean-vehicles-purchased-in-2022-and-before https://www.irs.gov/credits-deductions/manufacturers-and-mod...
    - craftsman 2y ago
      You're right, thank you for the fix. My apologies.

cheema33 2y ago

> EV tax credits under the previous administration applied to almost every EV that wasn't a Tesla. Your statement might give somebody the impression that somebody in the previous administration singled out Tesla. This is obviously not correct. EV credits were available to all car makers. But there was a limit and Tesla reached their limit first. And later GM did as well.