Reply to post:

Tesla share crash amid Republican bid to kill off electric car tax break

Anonymous Coward
Anonymous Coward

4bn divided by 7500 gives me a bit over 530k. There are that many electric vehicles sold in the US per year?

I asked the same question. The tax credit as it stands now has a per-manufacturer quota of 200,000 units. Once it is reached, the credit is gradually phased out for that manufacturer's products. I guess the (not entirely unreasonable) idea is to help the manufacturer with the startup costs for EV production. Once the NRE is covered, the support stops.

So 4bn appears to be the lifetime gain, not per year. In the grand scheme of the US finances, that's slightly less than nothing.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon


Biting the hand that feeds IT © 1998–2020