Pre-orders for the Tesla Model 3 have topped 276,000, with buyers lured by the electric vehicle’s coolness factor, sleek and low profile, $35,000 starting price — and the promise of thousands of dollars in government incentives.
But before customers start earmarking those subsidy savings for new rims or a thumping sound system, know this: Many government rebates could be exhausted by the time most get behind the wheel of their Model 3s.
“Buyers shouldn’t be counting on either the federal or the state level incentives as part of their financial calculations in purchasing the vehicle,” said Patrick Min, senior analyst at the automotive company ALG.
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