Market research and analysis indicate that the proposed advert for the Tesla Model X needs to be upgraded to be able to reach many individuals in the market. Findings from the individuals we have talked to have suggested the need to improve the media used to advertise our machine and the new car model. We are not only supposed to rely on television while announcing our model, but the internet has opened a bigger platform for advertising agencies as well. Additionally, it is crucial to make interested buyers or consumers understand how the tax is imposed. An individual who may wish to have a Tesla can get a $7,500 tax credit in any state, but they do not understand how this came to be. Therefore, a more in-depth analysis of the tax implications is essential for buyers to know how the transactions are carried out (“在美国如何使用汽车抵税”).
Creating Awareness
For eligibility purposes of the federal credit, a vehicle must be able to draw propulsion from a battery of not less than 4 kilowatt-hours, use an external source to charge the battery, and be used on both public and private streets, among other qualities. The credit amount is up to $7,500 for vehicles powered by a 4-kilowatt-hour battery, with an applicable additional $417 per kilowatt-hour beyond the minimum four hours. Buyers of qualifying credit vehicles should rely on the distributors and manufacturers for the allowance of credits through certification from the company. The maximum credit allowed is $7,500 (“在美国如何使用汽车抵税”).
Buyers should be in a position to understand that the credit can be used to offset their federal income tax liability as well as any other alternative minimum tax they owe. Most importantly, every individual is qualified for the credit; hence, there are no income restrictions on the individual’s income (“在美国如何使用汽车抵税”).
Section 179 Deduction $25000
50% deduction of bonus $37500
Regular Depreciation $7500 (20% x$37500) (“在美国如何使用汽车抵税”)
The Tesla Model X, in this case, sells for an average of $100,000, and its Model 3 price is expected to be about $50,000. Hence, the $7,500 credit is a percentage of the amount that has been purchased, which is relatively lower for the Tesla model compared to other electric vehicles in the market. Additionally, many countries have already subsidized their electric cars, except the United States. More so, regions such as Europe, where electric vehicles have been supported, have seen increased ownership of electric vehicles by their citizens; this shows that they understand the advantages of electric cars compared to old fuel vehicles. European countries are setting goals of zero emissions in the near future by sharply reducing sales taxes and offering free parking and decongested bus lanes.
Credit Breakdown
Also, the credit programs in the United States are so confusing to consumers that it is difficult for them to know what amount they should have to be able to purchase an electric vehicle. We need to break this down to benefit our clients who would like to buy the Tesla Model X since it qualifies for the $7,500 tax credit like any other electric vehicle; hence, consumers should be aware that their tax liabilities will be reduced by that amount. However, if one owes less than $7,500, then the amount of the federal tax credit applies to the amount one owes (“在美国如何使用汽车抵税”).
Not all tax credits are permanent. Others, like the one in Georgia, are temporary, since in 2015 the tax credit was repealed from the initial $5,000. Federal credits are not permanent; hence, we do not expect them to last forever. For instance, in our case, after Tesla sells its 200,000th vehicle, the tax credit remains in full effect for the rest of the quarter and then the entire quarter after that. During the next six months, the credit is still available, but it is half of the previous original amount. At the end of these six months, there will be zero credits remaining for vehicles that were purchased from that manufacturer (“在美国如何使用汽车抵税”).
It is important to note that the credit does not apply to pre-owned cars; therefore, when the manufacturer sells the two hundred thousand targeted vehicles, the opportunity for zero-emission fuel vehicles will take place. For consumers who want to buy electric cars, the earlier, the better, before manufacturers reach two hundred thousand vehicles. For those whose dream car is the Tesla Model X, they need to hurry since the company seems to be selling fast and almost reaching its target. Model X appears to be one of the most interesting electric vehicles on sale right now because its features are attractive and have been modified to satisfy clients’ needs (“在美国如何使用汽车抵税”).
Federal Tax
Concerning federal tax, some vehicles qualify while others do not. The Tesla Model X is one of the cars that are eligible for federal tax credits. If one purchases a Tesla Model X, it will be one of the most expensive electric vehicles one can buy. The added advantage is that the vehicle is environmentally friendly since it does not use fuel; hence, it does not produce smoke. Therefore, I would urge the government to review the tax credit so that every individual who owns a car can consider the Tesla Model X. Thank you (“在美国如何使用汽车抵税”).
Works Cited
“在美国如何使用汽车抵税, “免费”得到一辆 Tesla Model X.” Mp.weixin.qq.com. N.p., 2018. Web. 23 Feb. 2018.
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