Dems propose new $12,500 electric car rebate, Tesla left with $4,500 disadvantage
Democrats have proposed an updated electric car incentive program at the federal level, which would go through their $3.5 trillion social spending bill.
It would remove the limit on the number of vehicles and replace it with a timeline, introduce a higher payout up to $12,500 and make it point-of-sale, but there are also new restrictions that would put Tesla at a $4,500 disadvantage.
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