EV tax credits under the previous administration applied to almost every EV that wasn't a Tesla. They got Tesla its start, though, so the ladder must be pulled up.
Of course, carbon offsets are still a huge cash cow for Tesla, so Musk won't be eager to touch those.
> applied to almost every EV that wasn't a Tesla
And Tesla?
The tax credits were eventually reapplied to Tesla with the changes starting in 2023, but for a while, Tesla had crossed the sales limit so that the credit wasn't available.
It's worth mentioning that situation wasn't unique to Tesla, as GM also crossed the sales limit and had no credit available before 2023.
The phaseout based on units sold was in place as far back as 2018 since Tesla reached it in July 2018 and GM in November 2018. The Inflation Reduction Act of 2022 (effective August 2022, not 2023) reinstated Tesla's eligibility and disqualified a number of other EVs.
Although the Inflation Reduction Act became effective in August 2022, no EV tax credit was available for new Tesla or GM EVs purchased in 2022, regardless of month. The units-sold threshold phaseout was only lifted for purchases made after 2022.
Source: personal experience, as well as https://www.irs.gov/credits-deductions/manufacturers-and-mod...
You're right, thank you for the fix. My apologies.
> EV tax credits under the previous administration applied to almost every EV that wasn't a Tesla.
Your statement might give somebody the impression that somebody in the previous administration singled out Tesla. This is obviously not correct. EV credits were available to all car makers. But there was a limit and Tesla reached their limit first. And later GM did as well.
Itβs all obvious corruption.