Tesla hits key deliveries threshold and that means federal tax credit will be phased out

“Tesla Inc. has hit a key threshold for deliveries that mean the $7,500 federal electric vehicle tax credit for new owners is about to start being phased out” writes Ciara Linnane for From Jan. 1 to June 30, 2019, that credit is halved to $3,750, and halved again for the period from July 1 to Dec. 31, 2019.GM, -0.59%  have lobbied to have the credit expanded as an incentive for drivers to switch to the more environmentally-friendly technology.

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