October 15 is the deadline to take advantage of Tesla's $7,500 vehicle tax incentive

In brief: One of Tesla’s main vehicle selling points has always been guaranteed $7,500 tax credits for US-based customers. However, due to Tesla recently hitting the 200,000-cars-delivered milestone, that incentive will soon be going away. Orders placed before October 15 will qualify for the full incentive, while orders placed after that date may only receive a $3,750 tax credit.

As we reported back in July, Tesla’s near-iconic $7,500 electric vehicle tax incentive will soon be on its way out. The incentive is set to be halved, halved again, and then halted entirely due to the company recently surpassing 200,000 vehicles sold (the upper limit for federal tax incentives to stick around).

Now, we have more details regarding exactly when we can expect the full tax incentive to depart. As first spotted by Electrek, Tesla has added a notice to the store page for its vehicles warning customers that “All orders placed by October 15, 2018 will be delivered by the end of the year and eligible for the full $7,500 Federal Tax Credit.”

October 15 is the deadline to take advantage of Tesla's $7,500 vehicle tax incentive 1

Though the full tax credit will most likely technically exist for orders placed past October 15, Tesla is clearly trying to avoid backlash by warning customers ahead of time that cars ordered after that date may not be delivered in time to qualify for the full incentive.

If you’ve been saving up for a Tesla vehicle but you still can’t quite afford one, you aren’t completely out of luck if you delay your order beyond October 15. Once 2018 ends and the first half of 2019 begins, the tax credit will still exist. However, as mentioned before, it will be halved twice during 2019. First, it will be cut to $3,750 during Q1 and Q2 2019, and then it will be slashed again to $1,875 during Q3 and Q4. Beginning in 2020, the credit will be pulled outright.

Image courtesy Electrek

October 15 is the deadline to take advantage of Tesla's $7,500 vehicle tax incentive 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 43,375.00
ethereum
Ethereum (ETH) $ 3,048.30
cardano
Cardano (ADA) $ 2.20
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 345.53
xrp
XRP (XRP) $ 0.945891
solana
Solana (SOL) $ 144.24
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.48
dogecoin
Dogecoin (DOGE) $ 0.203739
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 43,375.00
ethereumEthereum (ETH)
$ 3,048.30
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 501.09
litecoinLitecoin (LTC)
$ 150.06
bitcoinBitcoin (BTC)
37.009,07
ethereumEthereum (ETH)
2.600,92
tetherTether (USDT)
0,853235
bitcoin-cashBitcoin Cash (BCH)
427,55
litecoinLitecoin (LTC)
128,04
bitcoinBitcoin (BTC)
31,695.28
ethereumEthereum (ETH)
2,227.48
tetherTether (USDT)
0.730727
bitcoin-cashBitcoin Cash (BCH)
366.16
litecoinLitecoin (LTC)
109.65

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin43,198 0.72 % 0.44 % 8.81 %
Ethereum3,018.9 1.83 % 1.23 % 9.50 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.180 1.05 % 4.15 % 4.82 %
Binance Coin342.35 1.38 % 1.95 % 16.47 %
XRP0.9419 0.77 % 0.13 % 10.21 %
Solana142.51 2.07 % 2.45 % 7.06 %
USD Coin1.000 0.31 % 0.03 % 0.23 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2031 1.08 % 2.00 % 13.38 %

bitcoin
Bitcoin (BTC) $ 43,375.00
ethereum
Ethereum (ETH) $ 3,048.30
cardano
Cardano (ADA) $ 2.20
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 345.53
xrp
XRP (XRP) $ 0.945891
solana
Solana (SOL) $ 144.24
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.48
dogecoin
Dogecoin (DOGE) $ 0.203739