Tesla Could Get Higher Tax Credits

(edited)

A Senate bill is putting forward higher credit tax ceilings for electric cars but there's a caveat: "Under current law, once a manufacturer hits 200,000 EVs sold, the tax credit phases out starting in the following quarter. Heller’s bill lifts the individual manufacturer cap but would phase out the credit for the entire industry in 2022." Not sure which is better for the industry. Smaller carmakers are against it.

Edited by Marina Schwarz

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