Ev tax incentives

Past Tesletter articles

Airplane vs. Tesla Autopilot

Ryan is an airline pilot and flight instructor, as well as a Model S owner. In this episode of Supercharged Podcast he compares his experience with autopilot in airliners and Teslas.

Read more: Supercharged Podcast

From issue #10

Big tax incentives in the UI?

niccaman has run the numbers and according to him «buying my Tesla through my business as a company car/employee perk cuts my personal costs of buying this Tesla down by 41%». More information about the EV incentives in the UK

If you plan on buying a Tesla and need a referral code for free Supercharging, use ours http://ts.la/ignacio9266

Read more: Twitter

From issue #94

EVSE rebates and tax credits, by state

There are many rebates and tax incentives for purchasing and installing a Level 2 charging station at your home or business. Check out this list by state and find out which ones you qualify for.

Read more: ClipperCreek

From issue #38

How the tax credit phase out will (likely) happen

It seems like the tax credit you receive when you buy a Tesla today ($7,500) will probably disappear in the next couple of years. See diagram. Some say Tesla will make some changes to compensate this and that they will time it with new versions of the MX and MS.

Read more: Reddit

From issue #15

If you bought a Tesla in 2019, make sure to read this before submitting tax returns

Thanks u/djacrylick for the heads-up!

If you use HR Block for tax returns, you need to enter the full $7,500 under the tax credit (not the actual amount of $3,750/$1,875) because the percentage is automatically deducted from your return.

TurboTax doesn’t have energy credits working yet, usually, they release them a bit later in the year (February or so).

Read more: Reddit

From issue #96

Model 3 buyers in Ontario can now officially get the $14,000 EV incentive again until September 10

A judge in Ontario has sided with Tesla and agreed that the government was discriminating against the company when it excluded Tesla from the phase-out period of the removal of the province’s EV incentives. (…) Now, if Tesla delivers their cars by September 10, it looks like they should be able to take advantage of the $14,000 EV incentive like buyers of any other EVs in the province.

Read more: Electrek

From issue #24

New bill to remove limit for $7.5k electric vehicle federal tax credit introduced as Tesla hits threshold

Tesla is likely going to be the first automaker to hit the 200,000th electric car delivery threshold in the US this quarter, which will initiate a one-year-long phase-out period to eventually remove access to the $7,500 federal tax credit for Tesla buyers. But a new bill to remove the controversial 200,000 delivery threshold has now been introduced in Congress.

Read more: Electrek

From issue #16

Tax credit for residential charging equipment installation extended by Congress

Last month, the federal tax credit for residential charging equipment installation was extended by Congress. If you installed charging equipment at your primary residence on or before December 31, 2017, you may be eligible for a credit of up to $1,000.»

Read More: Alternative Fuels Data Center

From issue #2

Tax incentive is going down on June 30th

If you reside in the US and you are thinking about getting a new Tesla, remember that the tax incentive is going down from $3,750 to $1,875. Also, all inventory Model S and Model X come with unlimited Supercharging for as long as you own the vehicle.

If you need a referral code we’d be honored if you used ours, you just need to start your order using the following link http://ts.la/ignacio9266

From issue #64

Tesla drops all prices by $2,000

With the tax incentive now reduced to $3,500 Tesla is cutting prices on all of its models by $2,000 to help offset a reduction in federal tax credits for drivers who buy electric vehicles.

Read more: Reddit

From issue #40

Tesla offering free cancellations

Federal tax credit is dropping by $3,750 in 3 weeks and Tesla is offering full refunds if you get in the waitlist for cancellations or display cars and you can’t get it this year. No excuses :) If you end up deciding on buying and we’ve helped you in any way, please consider using our referral code http://ts.la/ignacio9266

Read more: Twitter

From issue #37

Tesla reaches 200,000 deliveries in the US in July 2018. See how this will affect the Federal Tax Credit

The following federal income tax credits are available to anyone who purchases a new Tesla Model S, Model X or Model 3:

Federal Tax Credit      For Vehicles Delivered
$7,500 On or before December 31, 2018
$3,750 January 1 to June 30, 2019
$1,875 July 1 to December 31, 2019

Read more: Tesla

From issue #17

Understanding the Canadian Federal EV Rebate, and the Standard Range Tesla Model 3

TeslaMilton - one of our subscribers - published this fantastic article to help folks understand the new Canadian Federal EV Rebate that went into effect on May 1st. The articles also covers how it affects folks thinking about getting a Model 3. If you are in Canada and need more info, this article is for you!

Read more: Medium

From issue #60

You can claim 30% (or $1,000) of the cost of an EV Charger installed in 2018/19/20

It’s tax season and this is a reminder that you can make a credit of 30% or $1,000 (whichever is less) for the equipment and installation cost of an EV charger in your home (to include panel upgrades etc). This new law can be applied retroactively for equipment put in place after Dec 2017 but can only be claimed in the year the equipment was put in service so anything made in 2018 would require an amended tax return (form 1040x). Consult your tax advisor for more information.

Read more: Reddit

From issue #98

You can still order and get your Tesla delivered before the tax incentive decreases

Tesla is releasing every inventory vehicle and if in good faith from both parts they can deliver your car by EOY Tesla would cover the tax credit difference. If you end up ordering yourself a late Christmas and we have been helpful to you in any way, please consider using our referral code, we would be really honored if you do https://www.tesla.com/referral/ignacio9266

Read more: Twitter

From issue #39

[California Only] PG&E Clean Fuel Rebate increasing to $800 on Jan 1st

Starting on Jan 1st the PG&E Clean Fuel Rebate will increase from $500 to $800. If you purchased your Tesla recently and haven’t applied or you are getting it in the next couple of months just hold off and apply after January 1st to get an extra $300!

Read more: PG&E

From issue #32