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View Full Version : Tesla’s $7,500 Tax Credit Will Start To Phase Out in 2019



EV Fan
07-13-2018, 11:40 AM
http://www.electricvehiclechat.com/sites/default/files/model-3-white-620.jpgThe Tesla Model 3, which starts at $35,000, is the company's most affordable model. The relative net cost of all Tesla cars will go up starting next year, when federal tax credits start to phase out.

Tesla confirmed today that it delivered 200,000 electric cars to buyers in the United States, the first automaker to reach that level of sales. The milestone is a mixed blessing because it means that the $7,500 federal EV tax credit available to Tesla customers will be reduced by 50 percent in six months—and continue to diminish to zero by about January 2020.
General Motors, which sells the all-electric Chevrolet Bolt and Chevrolet Volt plug-in hybrid—as well as the low-volume Cadillac CTG plug-in hybrid—has sold about 184,000 plug-in cars through June. At GM’s current rate of sales, it will likely reach the 200,000 limit by the end of 2018.
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