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Tesla Could Receive a Bump From a New $7,000 Tax Credit

February 11, 2021

According to Electrek, buyers of 400,000 more Tesla vehicles would receive a $7,000 tax credit if the reform is passed.

History of the tax credit and Tesla

The government has had an incentive program for EV purchases dating back to the Bush era, although it was expanded during the Obama administration. The program provided $7,500 in tax credits to buyers of new EVs, including those from Tesla. However, it also included a cap of 200,000 vehicles in the U.S. from each automaker.

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