Tesla to get access to $7,000 tax credit on 400,000 more electric cars in the US with new incentive reform
February 11, 2021
Tesla and GM are set to regain access to tax credit worth $7,000 on 400,000 more electric cars in the US with new proposed reform of the federal EV incentive program.
EV federal tax credit
The federal government in the US has a tax program that provides incentive for buyers of electric vehicles that dates back from the Bush era, and it was expanded during the Obama administration.
It would give…