Tesla prominently features the $7,500 federal tax credit on its inventory page as an instant discount, making its EVs more affordable. This incentive reduces the prices of Model Y and Model 3 to under $40K and $35K, respectively. In contrast, GM dealers often obscure the credit, impacting its effectiveness in closing the price gap between EVs and gas vehicles. The tax credit is under scrutiny by the incoming administration, potentially jeopardizing the EV market's growth and associated job creation.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla prominently features a $7,500 federal tax credit on its inventory page as an instant
00:08discount, making its EVs more affordable.
00:11This incentive reduces the prices of Model Y and Model 3 to under $40,000 and $35,000
00:17respectively.
00:18Now, in contrast, GM dealers often obscure the credit, impacting its effectiveness in
00:23closing the price gap between EVs and gas vehicles.
00:26The tax credit is under scrutiny by the incoming administration, potentially jeopardizing
00:31the EV market's growth and associated job creations.
00:35For all things money, visit Benzinga.com slash GSTV.