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Tesla hits 200,000 cars, meaning lower tax credit for buyers

Reuters 

By Nick Carey and Sonam Rai(Reuters) - Tesla Inc has delivered 200,000 electric cars to buyers in the United States, a spokesperson said on Thursday, meaning tax credits will now begin to be lowered, while rivals such as Mercedes-Benz, BMW AG and Audi AG will bring electric models to the market with a full tax credit in place.Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, financial incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker. The tax credit is ...

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First Published: Thu, July 12 2018. 21:11 IST
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