Tesla will be the first automaker to lose the federal tax credit for electric cars
The clock is officially ticking for Tesla buyers in the US to receive the full $7,500 federal tax credit for electric cars. Tesla delivered its 200,000th vehicle this month, the company confirmed to Jalopnik, which means a slow phase-out of the tax credit has begun.
Tesla customers who take delivery of their cars — regardless of whether it’s a Model S, X, or 3 — between now and December 31st, 2018, will still be eligible for the full $7,500 credit from the IRS. Customers who take delivery of their cars between January 1st and June 30th, 2019, will only be eligible for a $3,750 credit. And customers who take delivery of their cars between July 1st and December 31st, 2019, will be offered just $1,875. After that, the incentive is dead.
Published on 12 Jul 2018 at 01:52PM