Tesla confirms 200,000th delivery, tax credit to phase out
Tesla has now confirmed their 200,000th delivery in the USA. That means that the US federal tax credit of 7,500 dollars will begin phasing out, and only apply in its full value for vehicles delivered by the end of 2018.
Tesla vehicles which are delivered in the first half of 2019 will be subsidized with $3,750. Those delivered between the first of July and the end of the year will only receive a subsidy of $1,875.
The limit has been forecasted however and had motivated a new bill that had been introduced in the U.S. Congress to remove the 200,000 unit cap on access to the 7,500 dollar tax credit (we reported).
It is unclear however of the bill is going to result in a law change any time soon.
When Tesla would reach the 200,000 benchmark has been a subject of speculation for some time, as it means the end of federal funding. This month, Tesla will be the first manufacturer to be affected by the rule. Next to the Californians, General Motors and Nissan should not be too far away from 200,000 deliveries, either.
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