Tesla’s $7,500 federal tax credit is set to expire in less than two weeks

%name Tesla’s $7,500 federal tax credit is set to expire in less than two weeks by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

Tesla earlier today published a blog post reminding prospective buyers that the generous $7,500 federal tax credit as it pertains to new Tesla purchases is set to expire in less than two weeks. In other words, if the tax credit plays a role in whether or not you’re ready to pull the trigger on a brand new Tesla, you’ll definitely want to get your order in as soon as possible.

For a few years now, Tesla buyers have enjoyed the aforementioned $7,500 tax credit, but it’s about to be phased out entirely in just a few months. Because Tesla shipped its 200,000th EV this past July, the tax credit will drop down to $3,750 starting in January. Then in July of 2019, the tax credit drops down to $1,875. And starting in 2020, the credit disappears entirely.

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Tesla’s $7,500 federal tax credit is set to expire in less than two weeks originally appeared on BGR.com on Thu, 20 Dec 2018 at 21:30:49 EDT. Please see our terms for use of feeds.

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