Elon Musk claims a new $45,000 version will cost $35,000 — the original target for Model 3 — after federal and state tax incentives.
The federal $7,500 electric-vehicle tax credit will be phased out starting in 2019. Buyers who take delivery from Jan. 1 to June 30, 2019, the credit will drop by half to $3,750, and halved again for the period from July 1 to Dec. 31, 2019, then eliminated entirely in 2020.
Tesla expects to start delivering the Model 3 with the new mid-range batteries in six to 10 weeks.
Only the mid-range battery Tesla Model 3’s delivered in 2018 will have the $7500 federal tax credit.
Tesla has said the $35,000 base price standard version would begin selling in four to six months. The tax credit phase-out and the reduction in base price will the post-tax credit price of the least expensive Tesla model will be staying relatively constant. California has indicated that they would increase state tax credits to off-set reduced federal tax credits. This would only help reduce the prices of Tesla and other electric cars sold in California.
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of
nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.
