Federal Tax Credits For EVs -- Death Watch -- GM, Tesla -- June 28, 2028

Maxing out on tax credits: Tesla and GM will soon max out at 200,000. Track data here.

Do a google search and pages of links to Tesla and GM as their tax credits soon to expire. 

How it works:

• full federal tax credit, for first 200,000 vehicles but "implemented" by quarter
• phase out after 200,000 vehicles sold by a given manufacturer; those late "to the table" which actually benefit by this crazy rule
• full federal tax credit for all EVs made by a given manufacturer through the quarter in which 200,000 vehicles are sold
• full federal tax credit extends through one additional quarter for all EVs sold by that manufacturer during that "add-on" quarter
• federal tax credit phases out over one full year
• when the phase-out begins, the credit is halved for two quarters; in the third quarter it is 25%  of the original amount 
• it comes out to four quarters because the first quarter after the 200,000 threshold is reached, there is no reduction in the federal credit but that's when the phase-out begins (typical bureaucratic obfuscation)

Everyone says the full tax credit is $7,500. Not true. The tax credit depends on the size of the vehicle and its battery capacity. The federal tax credit ranges from $2,500 to $7,500 per new EV purchased in the US.

Tesla and GM are down to their last couple of quarters. Any bet the US government will change the 200,000 threshold?

Meanwhile, rumor has it, Tesla won't meet its Model 3 goal -- Goldman Sachs story here. 

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Rumor Has It, Adele
A shout-out to KXT radio -- 91.7 FM --  in Fort Worth, TX -- perhaps the best music radio station ever. An "NPR" station.