Californians: Buy a 2010 Tesla Roadster, Get $12,500 Off!

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Bruce Richter drives the 2010 Tesla Roadster Sport

Bruce Richter drives the 2010 Tesla Roadster Sport

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The nice thing about buying advanced-technology cars is that many of them, at one point or another, come with financial incentives meant to encourage fuel efficiency.

Even if the car in question is a 2010 Tesla Roadster, the $109,000 two-seat all-electric convertible that blasts from 0 to 60 mph in less than 4 seconds on the power of 6,831 little lithium-ion batteries--and uses no gasoline whatsoever.

Bruce Richter drives the 2010 Tesla Roadster Sport

Bruce Richter drives the 2010 Tesla Roadster Sport

Enlarge Photo

2010 Tesla Roadster Sport

2010 Tesla Roadster Sport

Enlarge Photo

Starting today, the not-yet-quite-bankrupt State of California is offering $5,000 rebates to residents who buy or lease a Tesla Roadster. The cash comes from its new Clean Vehicle Rebate Project.

Like last year's $42,000 Colorado state tax credit for buyers of 2009 Roadsters, this one has a time limit too. Funds are limited, as they say, and the credits are available on a first-come, first-served basis.

More than that, Tesla Roadster buyers are also eligible for the maximum $7,500 credit on their Federal income taxes, assuming they have sufficient income against which to apply that credit. (If they're buying a two-seater for more than $100K, we assume they do ....)

And the action's not limited to the U.S. Other countries and regions offer incentives too.

Starting next January, a new U.K. allowance will give 25 percent of the purchase price--up to a maximum of £5,000 (roughly$7,500)--off the cost of an all-electric car. A purchase-price reduction is considered a much better incentive than a tax credit, but it's not likely here.

We still pine for that $42,000 Colorado credit, though. This year's credit in the state maxes out at $6K, and it just doesn't seem the same. Sigh.

[Tesla Motors]

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Comments (7)
  1. I'm perplexed. I realize Tesla's a car company, but so what. It's such a niche-within-a-niche-within-a-niche product, I'm not sure anyone cares (except those who think they're self-important enough to think so). And the drama behind the ownership of the company? Again, who cares. Without the mainstream's knowledge of the company, limited production, and financially elite buyers it's relevance to the everyday seems tenuous. My point is, let's move on to things more interesting with stronger potential - or is there nothing better to report today?

  2. I think Tesla should have rolled out a Roadster with a solar film panel on the rear of the car - with 300+ days of sunshine in much of California it seems a waste not to use it!

  3. No matter how big the incentive to buying the Tesla Roadster is, I'm not quite sure everyone has the ability to pay 109,000 for a car. To the people out there who wants to save money on cars but don't have enough to buy fuel-efficient cars, I recommend checking out Carsala to see what high-quality used cars you can get for 20-30% off KBB.

  4. Greats news. I didn't know about the purchase-price reduction in the UK. You are right that it would never fly in North-America because it's an upfront payment to the rich.
    As for the Tesla haters...Tesla is doing something most "experts" say couldn't be done: building a profitable pure electric car company. There's a reason we haven't had a new public car company in 50 years. It's incredibly hard. Right now Tesla is providing jobs to 400-500 people and are growing fast. Call me when *you* do something as great.

  5. Probably one of the most attractive yet efficent cars I've ever seen. I want one but I'm poor!

  6. How about getting a "Hybrid Car bonus"? Earn up to $1000 per month towards the lease or purchase of your very own Tesla Roadster! Help homeowners upgrade to solar electricity and help create local jobs at the same time.

  7. and all that though studies show that the buyers of hybrid or electric cars would buy them anyway...

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