Tesla Maxes Out on Tax Credit as U.S. Sales Reach 200,000
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.
#hybrid #regulations
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.
The tax break will continue through December, then drop by 50% next July 1. The incentive will shrink by another 50% at the end of 2019 before disappearing entirely in mid-2020.
Separately, Tesla says shoppers interested in buying one of its Model 3 sedans can simply pay $2,500 to order one. For the past two years, would-be customers had to submit a $1,000 deposit to make a reservation, then $2,500 to confirm an order after the company allowed them to proceed.
Tesla touts the Model 3 as a $35,000 car, but the cheapest version it offers at the moment retails for $49,000.
RELATED CONTENT
-
Mahindra Automotive in America
Rick Haas has an impressive automotive resume, having held positions at Ford and Tesla and currently as the president and CEO of Mahindra Automotive North America.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.
-
Rivian Gets Even More Money, Now From Ford
The electrification of automotive is serious business. This week it was announced that Ford is making a $500-million equity investment in Rivian.