For some time now, the purchase of electric vehicles has been incentivized via substantial income tax credits. As currently structured, EV buyers can enjoy a generous $7,500 tax credit when purchasing a car from a manufacturer that has delivered fewer than 200,000 EVs in the United States. Once that 200,000 unit threshold is reached, the tax credit goes down to $3,750 about six months later. The $3,750 credit then remains in effect for a period of six months and goes down to $1,875 for the six months after that.
As it pertains to Tesla, the automaker hit the 200,000 delivery mark this past July, which is to say that the federal tax credit afforded to Tesla buyers is poised to drop down to $3,750 at the end of the month. In light of this, Tesla is offering prospective buyers a chance to cancel their order if Tesla can’t deliver a car to them before 2019.
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Tesla to offer full refunds for buyers who can’t take advantage of the $7,500 tax credit originally appeared on BGR.com on Tue, 11 Dec 2018 at 16:15:15 EDT. Please see our terms for use of feeds.
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