The Benefits of the Tax Credit for Electric Vehicles

Robert is joined this week by Andreas Wallendahl, co-founder and COO of Tenet (not the confusing film). Tenet is a company that finance the purchase of new or used EVs.

After coming to the US from the UK to study at MIT Andreas settled in New York. Inspired by advancements in battery technologies, he set up Tenet with Stanford alumni Alex Liegl in 2021 and they have made huge steps within the US EV sector, which includes making the most of US citizen's federal tax credits.

As a result, Tenet can cut hundreds of dollars of a typical price, with the option to buy or trade vehicles. The US may not quite be Norway just yet in terms of EVs on the roads, but Andreas believes companies like Tenet can really make a real difference in EV adoption and the numbers increasing, especially in more clean tech receptive states like New York and California.