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by matthewdgreen
635 days ago
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The credits are structured to bring battery and EV manufacturing on-shore, which is pretty crucial to the US for a bunch of reasons. They require a percentage of the battery materials to come from the US or allied nations, and final manufacturing to be done here. Some Tesla vehicles initially didn’t qualify because they were made in China. As of July of this year I believe all Teslas except for one model are now eligible for the full credit. ETA: As I recall, Tesla had used up its $7500 credits from previous legislation (prior to the IRA) because they had sold so many cars. The new legislation restored the full $7500 and was basically a gift to Tesla in that sense. Turning this into a victim story for Tesla really does not make sense. |
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I was referring to the period when there was a piecemeal credit amount based on a few factors, one of which, iirc, was having final assembly conducted in a unionized factory.
They have of course been massive beneficiaries of federal subsidies, including a massive boost early on from the DOE Loan Programs Office, this isn’t to say they’ve been a victim overall, but it seems there’s been an attitude shift, and the legacy carmakers are getting more love from the current admin despite contributing only token efforts to the transition.