Tesla buyers will lose a $ 7,500 tax credit; The deadline is October 15th

From car and driver

Tesla has reached the beginning of the end of the $ 7,500 federal tax credit for the automaker's electric vehicle buyers. The credit rules state that only buyers of the first 200,000 electric vehicles sold by each manufacturer are eligible for the full amount; from then on, credit begins to decline over time. Tesla broke through the 200,000 mark at the start of the year and its credit will expire at the end of 2018. For this reason, Tesla has set a deadline for vehicle orders to be eligible for credit: October 15th.

On the Tesla website, the automaker claims that all vehicle orders placed on that date will be delivered by December 31, 2018, which means that they will be eligible for the full $ 7,500. Deliveries from 1 January 2019 will only be eligible for a credit of US $ 3,750, while deliveries from July 1, 2019 will be just $ 1,755. This applies to models S, X and 3.

This delay will not affect the typical Tesla ordering and delivery process. According to Tesla, the delivery of the vehicle by the end of the year will be guaranteed to those who placed their order with a security deposit of $ 2,500 no later than October 15. Final delivery depends on the payment of the full purchase price of the vehicle by the buyer, through a lease, financing or cash payment. (the deposit of $ 2,500 is credited for the final purchase).

We expect that this will lead to higher orders in the next few days, but Tesla has not made any announcement about a plan to increase production to ensure that all these vehicles are delivered on time to qualify for the credit. .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "(# You might also like,,)"data-reactid =" 27 ">(# You might also like,,)