For some time now, the federal government has used generous tax credits to encourage car buyers to buy an EV. And although this was not the exclusive reason behind anyone's decision to buy a Tesla, it has long been a good benefit for Tesla buyers looking to make up for their purchase price.
However, the ability of Tesla buyers to take advantage of this tax credit is about to end. Consequently, Tesla has been sending reminders to potential Tesla buyers, noting that the tax credit for new Tesla purchases is about to expire in less than 5 weeks.
The email, obtained by InsideEVs, says the following:
In less than 5 weeks, the federal tax credit will expire and purchases of a new Model S, Model X or Model 3 will no longer be eligible for this incentive. Order online in less than three minutes and experience the ease, convenience and safety of a fully electric design.
Place your order and deliver before December 31, 2019 to be eligible for federal tax credit. Orders placed near the end of the year are not guaranteed to be delivered before December 31.
Any purchase of a Model S or Model X will also come with free Supercharging.
As a quick reminder, the tax credit system for purchases of electric vehicles is structured as follows: once a specific car manufacturer delivers 200,000 electric vehicles in the United States, the federal income tax credit for that manufacturer falls from $ 7,500 to $ 3,750 for a period of six months. Once that six-month period ends, the tax credit is reduced to $ 1,875 for an additional six months.
Simply put, if you buy a Tesla and receive it before the end of the year, you can take advantage of the aforementioned tax credit of $ 1,875.