Tesla hits 200,000 cars, meaning lower tax credit for buyers

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  1. Calliers

    Calliers HH's MC Staff Member

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    Tesla Inc has delivered 200,000 electric cars to buyers in the United States, a spokesperson said on Thursday, meaning tax credits will now begin to be lowered, while rivals such as Mercedes-Benz, BMW AG and Audi AG will bring electric models to the market with a full tax credit in place.

    Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, financial incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker. The tax credit is then reduced by 50 percent every six months until it phases out.

    From Jan. 1 next year, the $7,500 tax credit will drop to $3,750 around mid-year, the Tesla website said here.
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    Source: reuters
     
  2. Tyrsonswood

    Tyrsonswood HH's curmudgeon

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    Tesla hits 200,000 cars...


    That's some really bad driving, right there.
     
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  3. Calliers

    Calliers HH's MC Staff Member

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