Thursday, 13 July, 2023

Tesla Expects Reduction in Model 3 and Model Y Tax Credits by 2024

Tesla has indicated that tax credits for its Model 3 and Model Y vehicles are likely to be reduced by 2024. The tax credits, designed to incentivize electric vehicle adoption, may see a gradual decline as the government implements changes to its policies. Tesla's acknowledgment of this potential reduction highlights the evolving landscape of electric vehicle incentives and underscores the need for manufacturers to navigate changing regulations and market dynamics.