EV Fan
04-25-2016, 12:30 AM
http://www.electricvehiclechat.com/sites/default/files/tesla-model-3-3-620_1.jpg
The response to the launch of the Tesla Model 3 earlier this month exceeded all expectations. Diarmuid O’Connell, Tesla vice-president of business development, told reporters last week that the total number of pre-orders was approaching 400,000. He was speaking at a conference in Amsterdam. Given the number of orders, it’s likely that the majority of Model 3 buyers will not benefit from the $7,500 federal tax credit, which phases out after a manufacturer sells 200,000 electric cars.
The Recovery and Reinvestment Act of 2009 was aimed to help get the young EV market off the ground by offering a $7,500 tax credit toward the purchase of eligible plug-in models. Like a similar (although smaller) tax credit for hybrid cars a decade ago, the $7,500 credit was never intended to be a permanent program. The sunset period is based on a manufacturer’s overall sales—not those of an individual model.
read more (http://www.plugincars.com/most-model-3-buyers-will-not-get-7500-tax-credit-131591.html)
http://feeds.feedburner.com/~r/PluginCars/~4/onZcF2Qb5TI
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The response to the launch of the Tesla Model 3 earlier this month exceeded all expectations. Diarmuid O’Connell, Tesla vice-president of business development, told reporters last week that the total number of pre-orders was approaching 400,000. He was speaking at a conference in Amsterdam. Given the number of orders, it’s likely that the majority of Model 3 buyers will not benefit from the $7,500 federal tax credit, which phases out after a manufacturer sells 200,000 electric cars.
The Recovery and Reinvestment Act of 2009 was aimed to help get the young EV market off the ground by offering a $7,500 tax credit toward the purchase of eligible plug-in models. Like a similar (although smaller) tax credit for hybrid cars a decade ago, the $7,500 credit was never intended to be a permanent program. The sunset period is based on a manufacturer’s overall sales—not those of an individual model.
read more (http://www.plugincars.com/most-model-3-buyers-will-not-get-7500-tax-credit-131591.html)
http://feeds.feedburner.com/~r/PluginCars/~4/onZcF2Qb5TI
More... (http://feedproxy.google.com/~r/PluginCars/~3/onZcF2Qb5TI/most-model-3-buyers-will-not-get-7500-tax-credit-131591.html)