Tesla sales will remain strong even if the EV tax credit is canceled, experts expect

The draft reconciliation law, which is working on its way through Congress, would cancel the tax credit of electric cars that were created under the law to reduce inflation. Credit removal, created to motivate American consumers to buy electrified cars, will probably lead to a decrease in sales and production of EV. but, Tesla sales It is likely that it will not be greatly affected, as an expert predicts.

“The disposal of this tax credit of $ 7,500 on sales (Tesla) should not affect,” said Lauren Leg, at Fox Business, said. “People buy selsses because they love the product … they know what their customers want, and those like Teslas will continue to buy this product.”

The law of the beautiful major law was approved by the House of Representatives on May 22 in the 215-214 vote. If the scale is approved by the Senate and was signed in the law by President Donald Trump, the new tax credit for new vehicles and tax credit incentives is $ 4,000 on EVS, as well as subsidies for the manufacture of batteries, The text of the bill He says. The EV credit, which started during the Obama administration, is scheduled to end on December 31, 2032. The new ruling is “the expiration of the expiration to December 31, 2025”

According to the Trump team, the Trump team is to kill the tax credit of $ 7,500

Reform said that the end of clean vehicle tax credit would lead to a sharp decrease in EV sales in the United States.

“Once this tax credit is removed, I expect (electric cars) to be about 2 % of sales, ” Electric car Sales will remain alive and will achieve well. And other brands will make what consumers want. “

Federal tax credit was reduced in half for some of the Tesla Model 3 in 2024

Tesla, the leading EV company in the United States, has focused on selling carbon balances to other auto manufacturers than the tax incentives for consumers. The company, which transferred the largest part of its production To TexasIt has also become “more efficient and effective” in its manufacture, according to reform.

“What Tesla did, and they really do not care about the $ 7500 tax credit, is that they were selling carbon balances for all other cars manufacturers,” he said. “This is where they achieved their profits.”

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Meanwhile, other leading car manufacturers such as Hyundai Ford She said that it may be decided to reduce the production of electric vehicles if the one beautiful bill was signed to the law.

index	protection	last	Changing	% Change
Timing	Tesla Inc.	358.43	+1.53	+0.43 %
and	Ford Motor Company.	10.22	+0.05	+0.49 %

“You will see that production quantities are dramatically,” he said. “The only reason why manufacturers build electric cars to start with them is that they were assigned to do so.”

In January, Trump issued an executive order “to cancel the authorization of electric vehicles and enhance the selection of real consumer.”

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Tesla, Hyundai and Ford Motor Company did not respond immediately on the request of Fox Business for comment.