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Tax incentives juiced Tesla’s recent sales. But now those incentives are gone

January 29, 2020

Via: Fortune

When reporting earnings on Wednesday, Tesla is unlikely to emphasize the short-term benefits of a worrisome long-term trend for the company: the elimination of tax incentives for electric cars buyers.

In the U.S., for instance, buyers of a Tesla, or any other electric vehicle, could once get a whopping $7,500 rebate on their tax bill. The argument was that the subsidy helped get fuel-burning cars off the road, thereby reducing pollution.

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