Tesla CEO Elon Musk Says State EV Incentives Are 'Seldom Used:' 'Maybe Lack Of Awareness Or Excessively Paperwork...'
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk highlighted the underutilization of state EV incentives, attributing it to a lack of awareness or excessive paperwork. His comments follow Washington's new EV rebate program aimed at low-income residents. Various states offer incentives, but conditions vary.
August 02, 2024 | 9:18 am
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Tesla CEO Elon Musk noted that state EV incentives are seldom used, possibly due to lack of awareness or excessive paperwork. This could impact Tesla's sales if awareness and utilization of these incentives increase.
Musk's comments bring attention to the underutilization of state EV incentives, which, if addressed, could lead to increased sales of Tesla vehicles. The new EV rebate program in Washington and similar incentives in other states could drive more consumers towards purchasing Tesla EVs.
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