Tesla buyers may be able to take advantage of new federal tax credits for electric vehicles next year, the automaker’s executives said Wednesday. The credits can be as large as $7,500 for new vehicles and $4,000 for used vehicles. Tesla’s eligibility for the previous tax credits ended in Jan. 2020 when it hit the 200,000 limit on vehicles sold per automaker. The 200,000-vehicle cap lifts on January 1 with the new rules, but the new requirements are more stringent than the previous system.
“Not obvious how this serves American taxpayers,” Musk said. “This is written by Ford/UAW lobbyists, as they make their electric car in Mexico.” Musk has had a contentious relationship with the Biden administration, and chafed at the White House’s highlighting of its competitors’ electric vehicle efforts rather than its own. As recently as earlier this month, Musk told Republican Sen.
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