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Tesla Prepping IPO

Revenge of the Electric Car

electric-car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles. Analysts have said that the success of A123, the first green-technology IPO this year, would encourage more venture capital-backed green companies to go public.

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

EV Adoption

The current tax credit has a base of $2,500 and is replaced with a new $4,000 base credit as long as the EV has a battery of at least 10 kWh and can be plugged in and recharged. . $4,000 Base Tax Credit. Effective Date: Jan 1, 2022. EVAdoption Analysis: Increasing the base credit amount to $4,000 from $2,500 is fine.