Tesla tax credit set to ex­pire

The Norwalk Hour - - BUSINESS -

Tesla Inc. says its cus­tomers will not get the full $7,500 fed­eral elec­tric ve­hi­cle tax credit af­ter Dec. 31. The com­pany says on its web­site the credit on its ve­hi­cles will start to phase out next year. Un­der fed­eral law, buy­ers get the full credit un­til a man­u­fac­turer reaches 200,000 in sales since the start of 2010. Tesla buy­ers will get the $7,500 this year, then the credit is cut in half and phased out by the end of 2019.

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