![2013 Tesla Model S front three 1 5b4bd55777973](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/32515/2013_Tesla_Model_S_front_three_1_.5b4bd55777973-768x481.png)
Electric Vehicle Credit to be Phased Out as Tesla Hits 200,000 Sales Threshold
Qualifying vehicles by the manufacturer are eligible for a $7,500 credit if acquired before Jan. 1, 2019. Beginning Jan. 1, 2019, the credit will be $3,750 for Tesla’s eligible vehicles. On July 1, 2019, the credit will be reduced to $1,875 for the ...