Tag: Inflation Reduction Act

Tesla’s New Plan Threatens Model Y Juniper Tax Credit

Tesla dominates the electric vehicle market in the US, accounting for nearly half of all sales. The government allocates approximately $200 million each month in subsidies, which can reach up to $7,500 in tax credits for the Model Y. This model is also set to receive a facelift, known as the Juniper, which is anticipated to […]

Biden Administration Spends $2 Billion on EV Tax Credits for Teslas

Leave a Comment / All News, EV vehicles / By Giz / Tesla, Electric Vehicle Subsidies, Inflation Reduction Act

The U.S. Treasury Department has revealed the total amount of electric vehicle subsidies it has provided since the start of this year. Monthly Expenditures Previous estimates suggested that the government was spending around $200 million each month on EV tax credits, and those figures were quite accurate. Thanks to the Inflation Reduction Act from the White

Biden Administration Spends $2 Billion on EV Tax Credits for Teslas Read More »