Tesla's New Tax Credits and Price Cuts Make Electric Vehicles More Affordable
Tax Credits for Electric Vehicles
As part of a federal program aimed at encouraging the adoption of electric vehicles, Tesla has announced a new round of tax credits for its electric cars. Under the program, customers who purchase a new electric vehicle are eligible for a tax credit of up to $7,500.
State Incentives for EVs
In addition to the federal tax credit, some states also offer their own incentives for purchasing an electric vehicle. For instance, California customers can receive a rebate of up to $2,500 for buying a new EV.