Tesla Says Orders Placed By October 15 Eligible For Full Tax Credit

www.oann.com | 6/22/2018 | Staff
Cayley1561 (Posted by) Level 3
(Reuters) – Electric carmaker Tesla Inc said http://bit.ly/2NCbs1r all orders for its vehicles placed by Oct. 15 are eligible for full federal tax credit of $7,500 and such customers will get their cars delivered by the end of the year.

Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, financial incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker. The tax credit is then reduced by 50 percent every six months until it phases out.

July - Tesla - Cars - Buyers - United

In July, Tesla said it delivered 200,000 electric cars to buyers in the United States, meaning tax credits will now begin to be lowered while rivals such as Mercedes-Benz, BMW AG and Audi AG will...
(Excerpt) Read more at: www.oann.com
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