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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

At the same time, it had offered a substantial discount to some who could already justify the purchase, and if they were on the fence, there’s no denying that this inevitably won them over. However, the cuts meant Tesla would have to eat some of its margins, which were incredibly high, trailing only Ferrari and BMW in that category.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

The credit is not available for Tesla vehicles acquired after December 31, 2019 and General Motors EV purchased after March 31, 2020. Some EV advocates believe that there should not be any MSRP cap and that incentives that encourage the purchase of ANY electric vehicle regardless of price is a good thing. Effective Date: Jan 1, 2022.