(Reuters) – Tesla Inc’s has steadily increased the sale of its electric vehicles, boosted by demand for its mass-produced Model 3 sedans as overseas sales pick up, and delivering more than 360,000 vehicles last year.
FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch/File Photo
But analysts say demand for electric vehicles may sour as some governments around the world dial back subsidies.
Below is a summary of electric vehicle subsidy policies in Tesla’s core countries ranked by market size, according to analyst estimates and country vehicle registration data.
The U.S. federal government is subsidizing electric cars with a $7,500 consumer tax break for the first 200,000 vehicles an automaker sells. Once the threshold is met, the tax credit is cut by half for all vehicles sold over the next six months and is then halved again for another six months before running out completely.
Source Reuters Tech News