Tesla taps Biden tax credits to offset EV price cuts
, costs 20% less in the U.S. than at Christmas 2022. Including the $7,500 Biden tax credit, the price is down 35%.
The battery tax credits in the Inflation Reduction Act, which kicked in this year, amounted to a subsidy of about $900 to $1,400 on every Tesla sold in the United States in the second quarter, according to the Reuters analysis based on Tesla's forecast and U.S. sales. "Tesla's manufacturing tax credits should help to at least partially offset some of the price cuts Tesla had to implement to spur demand," Morningstar analyst Seth Goldstein said in an interview. Tesla is the biggest beneficiary of battery production credits under the IRA, which offers incentives to U.S. manufacturers. It produces batteries with supplier Panasonic in Nevada and is increasing output at its own Texas plant.
"The value of credits this year will not be gigantic, but I think it could be gigantic. We think it probably will be very significant in the future," Musk said during Tesla's earnings conference call in January.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk and Tesla loom over Detroit's auto labor talks - AutoblogElon Musk and the Tesla's increasingly profitable and efficient EV factories will be shadow participants in talks between Detroit automakers and the UAW.
Baca lebih lajut »
Hunter Biden Investigation: Rep. Khanna claims IRS hearing proves Hunter Biden did not get 'special treatment'Hunter Biden Investigation: RepRoKhanna claims IRS hearing proves Hunter Biden did not get 'special treatment'
Baca lebih lajut »
Last call for Chrysler 300C, Dodge Charger, Challenger: Get your orders in by July 31 - AutoblogThe Chrysler 300C ends its almost two-decade run this year, alongside the Dodge Charger and Challenger.
Baca lebih lajut »
Save up to $150 on convertible car seats thanks to this Nordstrom Anniversary Sale - AutoblogNeed to pick up a new car seat for your kid? Why not save some dough in the process? Check out these great Nordstrom deals on convertible car seats.
Baca lebih lajut »
Alfa Romeo wants your vote on designs for a 4C 'Designer's Cut' anniversary model - AutoblogThe Alfa Romeo 4C getting 'Designer's Cut' one-off for its 10th anniversary as part of Stellantis Heritage's 'Reloaded by Creators' program.
Baca lebih lajut »