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Tesla and GM will be able to give $ 7,000 discount to electric car buyers in the US again
Since the days of George W. Bush, the United States has had a discount program for buyers of electric vehicles. The buyer of a new car received in the form of a refund upon payment of taxes $ 7,500, but this rule applied only to the first 200 thousand. machines from each manufacturer. After reaching this mark, the tax credit was reduced to zero. Tesla was the first in the US to reach this ceiling in 20221 and lost the advantage over newcomers. But soon this benefit will return again.
According to sources, Joe Biden’s party members in all branches of the US government are preparing a new law called the “Green” (Growing Renewable Energy and Efficiency Now (GREEN) Act). Everyone knows that the previous US President Donald Trump generally ignored green initiatives and understood the slogan “Make America Great Again” very one-sided. Green law will correct this omission.
As far as electric vehicles are concerned, it is said that manufacturers will be given back the opportunity to provide federal tax breaks of $ 7,000 (the amount is reduced by $ 500) on new cars in the range of up to 600 thousand. pieces to each. Everything that the manufacturer sold in excess of the previous mark of 200 thousand., if he has overcome it earlier, such as Tesla or GM, will not be considered. Thus, Tesla and GM will be able to sell another 400 thousand. $ 7,000 off electric vehicles for buyers.
When this law will be passed is still unknown. To some extent, this can harm companies that have already passed the 200 thousand mark. electric vehicles sold. Buyers can delay their purchase for a month or more while waiting for the Green Law to pass and expecting a good discount.