• Tesla Buyers Hear Clock Ticking as $7,500 Credit Phases Out

    2 monthes ago - By Fortune

    The clock is ticking for Tesla Inc. customers looking for incentives on their purchase.
    The $7,500 federal tax credit for electric vehicles is set to start phasing out for the Model S, Model X, and Model 3 after Dec. 31, according to the company's website. The Palo Alto, California-based carmaker is the first to trigger the reduced incentive in the U.S.
    While tax credits have helped boost electric vehicle demand in the U.S., they remain only 1.1 percent of the market. The federal government support was designed to decline once manufacturers reach higher production levels and reduce their...
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