two_bit_score
Super Star Member
- Joined
- Dec 22, 2008
- Messages
- 10,983
- Tractor
- John Deere 110 TLB, Diamond C 19LPX GN trailer
Those $7.5K rebates are available to any and all EV manufacturers for the first 200,000 vehicles they sell. It's not a government gift to Tesla exclusively. Two quarters after the manufacturer reaches 200,000 vehicles, the tax credit is cut in half. Two quarters later it is cut to 25 percent. At the start of the sixth quarter after the limit is reached, the tax credit disappears completely. Tesla is getting close to the 200,000 mark and may have passed it already. Which means that the rebates on the Model 3 at this time may be less than $7.5K.
No tax money should be paid for anyone making $100k to buy any car.