Tesla tax credits will start to phase out once 200,000th car delivered

Tesla tax credits will start to phase out once 200,000th car delivered

6 years ago
Anonymous $v9r5mEH86V

https://www.cnet.com/roadshow/news/tesla-builds-200k-cars-ending-tax-credit/

This is a huge deal, particularly with the number of people still holding reservations for the lower-cost version of the Model 3, many of whom may be counting on the rather sizable tax credit to be able to afford going electric for the first time.

"Under current regulations, a $7,500 federal tax credit available in the US for the purchase of qualified electric vehicles with at least 17 kWh of battery capacity, such as our vehicles, will begin to phase out over time with respect to any vehicles delivered in the second calendar quarter following the quarter in which we deliver our 200,000th qualifying vehicle in the US. We currently expect such 200,000th qualifying delivery to occur at some point during 2018," said Tesla in a US Securities and Exchange Commission filing that was published Friday.

Tesla tax credits will start to phase out once 200,000th car delivered

Feb 24, 2018, 1:18am UTC
https://www.cnet.com/roadshow/news/tesla-builds-200k-cars-ending-tax-credit/ >This is a huge deal, particularly with the number of people still holding reservations for the lower-cost version of the Model 3, many of whom may be counting on the rather sizable tax credit to be able to afford going electric for the first time. >"Under current regulations, a $7,500 federal tax credit available in the US for the purchase of qualified electric vehicles with at least 17 kWh of battery capacity, such as our vehicles, will begin to phase out over time with respect to any vehicles delivered in the second calendar quarter following the quarter in which we deliver our 200,000th qualifying vehicle in the US. We currently expect such 200,000th qualifying delivery to occur at some point during 2018," said Tesla in a US Securities and Exchange Commission filing that was published Friday.