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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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Fuel-cell Honda CR-V review, Genesis GV60 test, Fisker Ocean price cut: The Week in Reverse

Baua Electric

Genesis Neolun Concept – 2024 New York Auto Show Nissan talked through a roadmap for a new generation of affordable EVs , plus a three-row electric SUV due in 2028, and a pivot that will include U.S.-bound bound hybrids and plug-in hybrids. 2025 Polestar 4 2025 Polestar 4 pricing was confirmed Wednesday. based Arrival.

Fisker 52
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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.