Tesla Warns Customers of Incentive Strategy on EVs as Tax Credit Nears End

CT forced to 'ration' EV rebates ahead of expiring federal tax credits

A recent spike in demand for electric vehicles ahead of soon-to-expire federal tax credits has led Connecticut to lower some of its own incentives for car buyers, officials said this week. The Department of Energy and Environmental Protection announced on Thursday that it would lower its standard rebate for purchasers of new EVs and plug-in hybrids from $1,500 to $500, due in part to what officials said was a more than 30% increase in demand for…

Tesla warns customers of incentive strategy on EVs as tax credit nears end

Tesla has warned customers about its incentive strategy for qualifying electric vehicles, as the days of both the $7,500 EV tax credit for new EVs and the $4,000 credit for used EVs are coming to a close. Both tax credits, which impact some of the vehicles in the Tesla lineup, are set to be eliminated at the end of Q3. The phase out of these consumer credits was always in the plans of the Trump Administration, but now we’re in the final quarter …

Tesla Offers Record Incentives in US Ahead of EV Tax Credit Phase-Out

Tesla introduced new incentives on Friday for US customers purchasing the Cybertruck, Model S, or Model X, as the company’s overall discount offerings in the country reach a new record high.

Electrification Coalition - EV Tax Credits Are Ending, But Transportation Electrification Will Advance

Federal electric vehicle (EV) tax credits, along with other key funding for charging infrastructure, vehicle deployment, and manufacturing, are ending years earlier than expected. This is a clear setback for the EV industry, U.S. economic competitiveness, advanced vehicle manufacturing growth, and national and economic security. While this might slow down the pace of electrification, there are reasons for optimism.   U.S. Passen…