Tesla Benefits from Government Tax Credits for Electric Cars – Especially the Model Y
Concerns Arise Over Fairness and Equity as Tesla Receives Majority of Electric Vehicle Subsidies
According to Notebook Check, the US government gives money to help Americans buy electric cars and Tesla is getting a big chunk of it. They’re giving a tax credit of $7,500 for each new Tesla especially the Model Y. This tax credit makes Tesla cheaper and lots of Americans are buying them. Even though other car brands make electric cars too Tesla sells way more especially the Model Y which is now the most popular car in the world.
But there’s a catch: only some Tesla cars get the tax credit. The new Model 3 doesn’t qualify so it’s not selling as well as the Model Y. To fix this Tesla wants to make Model 3 batteries in the US so they can get the tax credit too. With all this government money going to Tesla, some Americans are worried about whether it’s fair or if there are better ways to spend the money.
READ ALSO: $1,750 Child Tax Credit Minnesota’s Record-Breaking: Democrats Aim To Slash Child Poverty!
$7,500 US Tax Credits Boost Tesla Model Y Sales – Raising Questions on Fairness and Sustainability! (PHOTO: Edmunds)
Tesla’s Dominance in Electric Car Market Raises Concerns Over Government Subsidies
Furthermore, lots of Americans are buying Tesla cars, especially the Model Y, because of the government’s tax credit. Tesla sells more electric cars than anyone else in the US mostly because of these credits. But some Americans are worried because Tesla gets most of the money from these subsidies which could be over $2 billion this year. This makes Americans wonder if the government should help other electric car makers or find different ways to make cars better for the environment and cheaper for everyone.
READ ALSO: Millions Miss Out On Millions: Don’t Overlook Refundable Tax Credits Like EITC And Child Tax Credit Before April 15 Deadline – Claim It Now!
