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Tesla’s cheapest Model 3 with the 2024 tax credit might surprise you

Teslarati

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. With some of Tesla’s vehicles losing access to the credit in 2024, one Model 3 configuration is currently looking more appealing than ever. However, sightings of the Model 3 Highland in the U.S.

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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. The Teslarati team would appreciate hearing from you.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Tesla Touts Tax Credits & Price Cuts

CleanTechnica EVs

Tesla has juggled its prices once again, lowering the price of the Model 3 RWD by $1,000 and the Model Y by $2,000. It has also added a RWD version of the Model Y for North America.

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Tesla price cut: Model Y undercuts Model 3 by $5,000 with tax credit

Baua Electric

Tesla on Saturday once again cut prices on several of its models for the U.S. market, as part of around-the-world price cuts. The base price of the Model Y rear-wheel drive has dropped $2,000 versus last week, to $44,630, while the Model Y Long Range AWD price has dropped by the same amount to $49,630. at Fremont.

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Tax filers: If you’re claiming IRA tax credits, then you need this free tool

Baua Electric

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. I wholeheartedly recommend this easy-to-use online tool from electrification nonprofit Rewiring America , which I rely on myself.

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2024 Nissan Leaf gets $3,750 EV tax credit back

Baua Electric

The 2024 Nissan Leaf is once again eligible for a $3,750 federal EV tax credit, Nissan confirmed Wednesday in a press release. This credit—half the maximum amount of $7,500—effectively cuts the price of the Leaf to $25,485 for many households. Nissan also provides a $3,750 lease incentive for 2024 and 2023 Leaf models.