26 Feb '18, 12pm

Tesla expects 200,000th U.S. sale this year, electric-car tax credits to start phaseout

John Voelcker Feb 26, 2018 Follow John Add to circle 2018 Tesla Model 3 Enlarge Photo It's been a topic of discussion for years: What will happen when a carmaker reaches the cap on U.S. sales of electric cars that qualify for the full federal tax credit of $7,500? That number is 200,000; after the rest of that calendar quarter and the one following, the credit is halved for a further two quarters. Rough calculations indicate that Tesla is likely to reach that total first, followed by General Motors and Nissan in that order. DON'T MISS: When do electric-car tax credits expire? (updated for 2018) Now, Tesla had made it official: It expects to sell its 200,000th qualifying electric car in the U.S. sometime this year. It filed its required Form 10-K for the financial quarter ended December 31, 2017 , with the Securities and Exchange Commission, which posted it online Friday. I...

Full article: https://www.greencarreports.com/news/1115454_tesla-expect...

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