Does anyone know how many cars Tesla needs to sell before the federal tax credit expires?
It will gradually phasing out beginning the quater 200,000th car is sold. It has more than 100,000 to go.
Actually, it's valid through quarter AFTER the 200,000 is sold in order to avoid confusion. Once the full credit expires, buyers can get 1/2 credit for the next two quarters and 1/4 credit for the next two before the credit fully expires.
"The new qualified plug-in electric drive motor vehicle credit phases out for a manufacturer’s vehicles over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles manufactured by that manufacturer have been sold for use in the United States (determined on a cumulative basis for sales after December 31, 2009) (“phase-out period”). Qualifying vehicles manufactured by that manufacturer are eligible for 50 percent of the credit if acquired in the first two quarters of the phase-out period and 25 percent of the credit if acquired in the third or fourth quarter of the phase-out period. "
It will phase out completely on September 30. 2018. Don't ask me how I know this. I might tell you.😎
I was thinking that it would phase oit the day before the first 5 seater is delivered?