Tesla delays, tax credit concerns spur sales of Chevy Bolts
Most car experts agree that the future of cars lies in electric vehicles. Over the past five years, one of the most popular and successful car companies in the world has continued to be Tesla. While Tesla has produced many electric vehicles and continues to be leader in innovation, there is now a growing trend in buyers purchasing the Chevy Bolt.
The Chevy Bolt is Chevy’s answer to Tesla and has seen a recent increase in the amount of cars that it has sold. One of the main reasons that the Bolt has seen an increase in sales is due to delays in production by Tesla. Teslas famously took hundreds of thousands of orders for the Model 3, which was the most affordable sedan option that they have sold so far. Unfortunately, they have not been able to keep up with the production demand and many people have been told they may not get their car for at least 12 more months.
One of the concerns of this delay is that buyers will no longer qualify for the federal tax credit given to buyers of electric cars. Today, those that choose to purchase an electric car will qualify for a $7,500 tax credit at the end of the year. However, there are a lot of rumors that this could be going away at the end of 2018. Because of this, many buyers of the Tesla are now switching to the Bolt to ensure that they can still qualify for the credit.