Field of EV Dreams: “If you subsidize it, they will come … but only if you subsidize it.”

Field of EV Dreams: “If you subsidize it, they will come … but only if you subsidize it.”

But the biggest subsidy Tesla enjoys is a $7,500 federal tax credit for those purchasing new EVs. Combined with various state and local subsidies, new Tesla owners in states like California can get up to $13,000 in lavish government subsidies. The problem is that about 90% of these tax credits are going to families with incomes over $100,000, which is essentially “welfare for the rich,” as one Forbes columnist described it.

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