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Electric car federal tax credit may rise to $10,000 but won’t apply to Tesla | ecomento.com

The White House is considering giving the electric vehicle market a significant boost by raising the maximum tax break for zero emissions vehicles, reportsDetroit News.

A rise from the $7,500 federal tax credit currently available to a headline sum of $10,000 has been proposed in an analysis by the US Treasury. Were the new maximum tax break to be rubber-stamped, however, it would not apply to vehicles worth more than $45,000.

It means that buyers of cars currently offered by Tesla Motors – namely the Model S – and the new Cadillac ELR (which probably needs it most) would not be eligible for a tax break. The highly regarded Nissan LEAF, however, would be available for just $18,970, even before state incentives.

More http://ecomento.com/2014/03/27/electric-car-federal-tax-credit-may-rise-to-10000-but-wont-apply-to-tesla/

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