Submitted by mlnewman on March 17, 2016
The IRS.com website has information about the $7500 tax credit for purchase of an electric vehicle. The credit starts at $2500 and grows with the size of the battery. All Tesla models including the Roadster, Model S, and Model X qualify for the maximum credit of $7500. The credit has an expiration: "The credit begins to phase out for a manufacturer’s vehicles when at least 200,000 qualifying vehicles manufactured by that manufacturer have been sold for use in the United States."
The "VIN Tracking" thread on this forum references VINs in the 130,000 range, and production is likely still set to increase month-over-month with Model X deliveries. If that does indeed continue, it's likely that the tax credit will end sometime in 2017. Are there any predictions on this? I wonder if the tax credit is included in the Model 3 "Under $35,000" price target.
Thoughts or comments?