Tesla is promoting the $7500 electric vehicle tax credit outside its Rockville store at 1300 Rockville Pike. The tax credit provided by President Biden's 2022 Inflation Recovery Act can be challenging to receive if you are not a careful car shopper. A short list of EVs are eligible, if they are made in North America, and if a large-enough portion of their battery components made in the United States.
New Model 3 and Model Y Teslas are on that list. Interestingly, according to the Associated Press, if you lease instead of buying your EV, you can receive the tax credit on any electric vehicle. An electric vehicle is in your future, whether you like it or not. By 2035, all cars sold in Maryland will have to be electric.
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