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Tesla's $7,500 EV tax credit is close to disappearing
Tesla might have just hit the long-promised 5,000 per-week mark for Model 3 production, but now it has a different hurdle to cross. Elon Musk's electric vehicle company has sold enough cars to hit the ceiling for federal tax incentives. The automaker has confirmed that it has sold 200,000 units and as such the $7,500 tax credit buyers have enjoyed will begin to phase out after this December 31st, according to Electrek. If you take delivery of a Model S, Model X or Model 3 between January 1st and June 30th, you'll get a $3,750 credit, which is halved after July 1st and then will end next December 31st. A chart on the Tesla support page lays it all out.
British government confirms nine EVs eligible for £5,000 rebates, but there are really only six
Buy an electric vehicle in the US, like the Nissan Leaf, and you can expect to get a nice boost to your tax refund: a $7,500 federal subsidy. Now the UK is getting in on the cash back game, with a programme program starting on January 1st to offer a 25 percent discount on EVs purchased -- up to a maximum of £5,000. Nine cars have been declared eligible for this decidedly choice bonus: Mitsubishi i-MiEV Peugeot iOn Citroen C-Zero Smart fourtwo electric drive Nissan Leaf Tata Vista Toyota Prius Plug-in Hybrid Vauxhall Ampera Chevrolet Volt Sure, the first three and the last two cars are effectively the same models, just with different bits of chrome stuck on the front, but a little badge engineering never hurt anybody.
