TexasEV
Well-Known Member
Guys at Tesla said the federal incentives are per car model. I asked them for the fact of the model E. He said the model S gets 200,000, the model X gets 200,000 and the model E will have 200,000 of incentives before it gets lowered. That being said when the model E comes out watch out if you want the best price considering they may be manufacturing more than 200,000 a year.
The "guys at Tesla" you spoke to are wrong. The federal tax credit is per manufacturer, not per model.
From the IRS web site:
"The qualified plug-in electric drive motor vehicle credit phases out for a manufacturer’s vehicles over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles manufactured by that manufacturer have been sold for use in the United States (determined on a cumulative basis for sales after December 31, 2009) (“phase-out period”). Qualifying vehicles manufactured by that manufacturer are eligible for 50 percent of the credit if acquired in the first two quarters of the phase-out period and 25 percent of the credit if acquired in the third or fourth quarter of the phase-out period. Vehicles manufactured by that manufacturer are not eligible for a credit if acquired after the phase-out period."