Filed under: EV/Plug-in, Tesla Motors
While not every state offers as big a rebate on the Tesla Roadster as Colorado does, there is a federal tax credit of $7,500 available to people who buy the electric sports car. Drivers aren't the only ones that various governments want to help in getting electric vehicles on the road. Tesla Motors itself will benefit from a favorable bit of tax massaging by state of California Treasurer Bill Lockyer.
We've know for a while that Tesla wants to open a new plant in the U.S. to build the Model S and, while Albuquerque was in the running, California has always been more likely. The state certainly has made it a point to offer up tax incentives. The latest offer is to waive the sales tax on EV manufacturing equipment worth about $320 million. Instead of buying the tools directly, Tesla will have the California Alternative Energy and Advanced Transportation Financing Authority, a state entity that was formed almost 30 years ago and doesn't need to pay sales tax on equipment used to make advanced vehicles, hold the deeds for a short while and then give them to Tesla. This creative move will apparently save Tesla almost $29 million dollars, and makes us wish we could do something the next time we need to buy more blogging equipment.
[Source: San Francisco Gate, Reuters]
REPORT: Tesla gets creative $28 million tax incentive in California originally appeared on Autoblog Green on Thu, 29 Oct 2009 10:05:00 EST. Please see our terms for use of feeds.
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