Tesla CEO Happy With Election Results, Unsurprisingly Supports Increase Of $7,500 Federal EV Credit
At an event in New York announcing the Model S took home the 2013 Motor Trend Car Of The Year trophy, Tesla CEO Elon Musk gave his outlook on the political landscape for the next four years, as it relates to electric vehicles.
“I think that we can expect at least that things will continue as they have. I wouldn’t expect it to get any worse for electric vehicles, hopefully it will get a little better.”
And by better, the Tesla boss means the increase of the $7,500 tax credit against the purchase (or lease) of electric vehicles.
During his speech, Mr. Musk said (unsurprisingly) that he would “back any effort” by the federal government to increase the electric vehicle incentive program to $10,000. This level is seen as necessary to aid in newly re-elected President Obama’s plan to get one million plug-in hybrids, extended-range electric cars and pure electric vehicles on the road by 2015.
On CNBC this morning, Mr. Musk indicated his support behind the Democratic Party and its stance on electric vehicles and the environmental issues. His company has already received full payment of a DoE loan of $465 million to produce the Model S, as well as the Model X (a crossover based on the S), currently scheduled for 2014. The company also has plans for an entry level full electric offering around $30,000.
“We’ve got to stay the course, ramp up production, we’ve got to start making the next generation of vehicles affordable.”
Tesla Model S pricing currently starts at $57,400, or $49,900 after existing $7,500 credit (although that 40 kWh version will not be available until March of 2013).