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Archive for the ‘Electric Motor Vehicle Credits’ Category.

Plug-In Electric Vehicle Manufacturer Crosses 200,000 Sold Threshold; Tax Credit for Eligible Consumers Begins Phase Down on Apr. 1

On February 12, 2019 we reported that the IRS announced that Tesla, Inc. had sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the third quarter of 2018.This triggered a phase out of the tax credit available for purchasers of new Tesla plug...

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First plug-in electric vehicle manufacturer crosses 200,000 sold threshold; Tax credit for eligible consumers begins phase down on Jan. 1

The IRS announced that Tesla, Inc. has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the third quarter of 2018. This triggers a phase out of the tax credit available for purchasers of new Tesla plug-in electric vehicles beginning Jan. 1...

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