Tesla, GM buyers to lose $7,500 tax credit within a year - News Summed Up

Tesla, GM buyers to lose $7,500 tax credit within a year


Time is running out for buyers of some of the best-selling plug-in vehicles to get a $7,500 federal tax credit with their purchase. That will lead to the beginning of the end of a federal tax credit for its customers. Once the full tax credit disappears, for the next six months, buyers get a $3,750 credit. The loss of the tax credit will significantly increase the cost for buyers, and could hurt demand. Tesla declined to comment on the loss of the tax credit, or its hiring, beyond the statements in the filing.


Source: CNN February 23, 2018 18:09 UTC



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