Tesla electric vehicles, just like General Motors electric vehicles, are ineligible for the tax credit because they are produced by a manufacturer that has surpassed production of 200,000 electric vehicles. Tesla and GM are the only two companies, so far, to reach that milestone. There was a proposal in Congress, which you may be thinking about, to give a tax credit for the purchase of electric vehicles made by union labor. As with most bills in Congress, it did not pass.
The cost of gasoline is falling so fast that it is beginning to put real money back in the pockets of drivers, defying earlier projections and offering an unexpected gift for the holidays.
Filling up is now as cheap as it was in February, just before Russia’s invasion of Ukraine touched off a global energy crisis. AAA reported the average nationwide price of a gallon of regular Wednesday was $3.50, and gas price tracking company GasBuddy projected it could drop below $3 by Christmas. And all of that relief probably helped drive robust shopping over Thanksgiving weekend.
More...
What caused the drop in gas prices? I think it was caused by rising interest rates.
Last edited by Parkbandit; 12-02-2022 at 11:00 AM.