Tesla: $702 Million Loss Raises Questions About EV Market & Subsidies
Back in December of 2018, the Trump administration announced that it wanted to end federal subsidies for electric vehicles. This may have been in part in retaliation to General Motors for its planned layoffs, however it would also have implications for the future of the renewable fuel and electric car industry. Under current regulations, the subsidies no longer apply to purchases of vehicles from an individual manufacturer after it sells 200,000 of the model. Tesla, one of the most well known electric car brands in recent years, hit this mark in July of 2018. From then, the tax credit was/will Continue reading Tesla: $702 Million Loss Raises Questions About EV Market & Subsidies