Tesla's federal tax credit dropped, but other EVs still have the full amount

To anyone dreaming of buying a Tesla electric vehicle: Your timing is terrible.

Today is July 1, and for Tesla, that means $1,875 less of a federal tax credit is available for buying an electric vehicle. The federal credit started at $7,500, but then once Tesla hit 200,000 electric vehicles sold (since 2010) it started to shrink. 

Tesla pricing is already confusing, but the tax incentive is pretty straightforward. Tesla hit the threshold last year and it was halved to $3,750 in the beginning of 2019. Six months later, it's half of that with $1,875 in subsidies. Other tax incentives at the state and local levels follow a different schedule, as Tesla lays out on its website.  Read more...

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