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Insane plan of Elon!Tesla Semi Will Get up to $40,000 in incentives with a new Bill
IT's BIG Opportunity! Tesla Semi Will Get up to $40,000 in incentives with a new Bill
After the “Inflation Reduction Act of 2022″ was announced in the US Senate this week, the EV community has understandably focused on the federal EV tax credit reform; it’s going to give back access to the incentive for Tesla and GM electric vehicle buyers.
There is a section for “commercial clean vehicles” that are expected to apply to electric trucks. It offers up to $40,000 in incentives for commercial clean vehicles of more than 14,000 lbs.
Currently, Tesla gives the expected base price of the Tesla Semi starting at $150,000 with a 300-mile range. At that price point, the electric vehicle already has a better cost of operation per mile than diesel trucks, which dominate the trucking industry today.
A $40,000 incentive would bring the price down to $110,000, and it would make the cost per mile even more competitive, that’s going to be the federal level if the Inflation Reduction Act of 2022 is adopted.
This new bill likely aims primarily toward encouraging the sales of electric trucks like the Tesla Semi, Daimler’s Freightliner Cascadia, and even fuel cell hydrogen-electric trucks, like Nikola Motors’ vehicles.
Last year, the US House of Representatives passed the $1.9 trillion “Build Back Better” legislation, but it has been stuck in the divided Senate ever since. Moreover, at that time, President Joe Biden proposed boosting EV tax credits to up to $12,500 per vehicle - including $4,500 for union-made vehicles -- and eventually making the credits apply only to U.S.-made vehicles.
Joe Manchin, a Democrat and senior United States senator from West Virginia, has been holding his vote, which is the deciding vote since the Democrat needs every single one of their votes in the Senate to pass anything.
Insane plan of Elon!Tesla Semi Will Get up to $40,000 in incentives with a new Bill
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