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#1 2021-02-15 17:22:37

Tallex
Administrator

Proof electric cars don’t need taxpayer support: Tesla and GM sales up

Proof electric cars don’t need taxpayer support: Tesla and GM sales up despite running out of $7500 tax credits.


https://www.caradvice.com.au/924717/pro … x-credits/



In the US, a $7500 tax credit for every electric car sold expires after an automotive brand eclipses 200,000 sales.
Tesla passed that milestone at the end of 2019 while General Motors hit the 200,000 mark by the end of March 2020.
It means every Tesla sold in the US in 2020 was not eligible for the federal government’s $US7500 tax credit and every General Motors electric car sold from April 2020 onwards was not eligible for the federal government’s $7500 tax credit.

Despite this, Tesla and General Motors topped the electric-car sales charts in the US in 2020.

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