2TSLA : Tesla Researcher Says It Will Help EV Giant's Annual Deliveries...
- by Benzinga.com
- Jan 20, 2025
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TSLA
researcher Troy Teslike sees three possibilities for the $7,500 tax credit currently available on the purchase of new electric vehicles once Donald Trump swears in as President on Monday.
What Happened: According to Teslike, Trump may choose to restrict the reach of the tax credit, making it apply to less number of EV models or less number of potential customers by changing the eligibility criteria.
The President-elect could instead also restrict eligibility criteria immediately and announce that Congress will cancel the tax credit in six months, Teslike said.
However, according to Teslike, it would be ideal for EV adoption and Tesla deliveries this year if Trump instead chooses to leave the eligibility criteria of the tax credit untouched while announcing that he wants Congress to cancel it within 6 months.
The last option, where the eligibility criteria are left untouched, will give potential buyers time to make their Tesla purchases while utilizing the tax credit. This will allow the company to make up for the drop in sales during the second half of the year once the tax credit is dropped, Teslike opined.
Hopefully, within 24 hours we'll know Trump's plans for the $7,500 tax credit for EVs. Here are some possible outcomes:
Scenario 1: Only restrict eligibility for now (such as the income limit or vehicle price).
Scenario 2: Restrict eligibility now and announce that Congress will…
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