04 Jun '18, 3pm

After Tesla's federal tax credits expire, which electric car would you buy?

2018 Tesla Model 3 Enlarge Photo Last week, we reported that Tesla is close to reaching the end of its allocation of federal tax credits for those who buy its cars. The credits amount to a $7,500 discount for most buyers. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars. They offered buyers a way to offset the added costs of batteries. The bill's credits were limited to the first 200,000 electric cars that each automaker sold. DON'T MISS: Tesla nearing limit of $7,500 federal tax credits, which will boost effective prices this fall Following Tesla's sales reports, and extrapolating production from March after the company's last report, it looks likely that Tesla will reach that 200,000 sales threshold this month. General Motors will likely not be far behind. After a company sells 200,000 electric cars,...

Full article: https://www.greencarreports.com/news/1117045_after-teslas...

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