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

Baua Electric

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. In California, the Tesla Model Y and Model 3 are the two best-selling cars of any kind in the whole state. Not anymore.

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More than a third of US EVs are sold in California

Baua Electric

EV sales are still booming in California—and they continued to capture an even larger piece of the market in 2023. of the market in California while they amounted to 7.5% of the market in California while they amounted to 7.5% And looking at all of 2023, BEVs added up to 33.8% for the U.S. as a whole. for the U.S. as a whole.

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Biden attends the Detroit auto show to further promote EVs

Setec Powerr

President Joe Biden (Joe Biden) attended the Detroit Auto Show on Sept. At this year’s auto show, Detroit’s three largest car companies will showcase a variety of electric vehicles. At this year’s auto show, Detroit’s three largest car companies will showcase a variety of electric vehicles.

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The Tesla Model Y is gaining ground frighteningly quickly in CA’s general auto market

Teslarati

When Tesla CEO Elon Musk stated back in the Q1 2021 earnings call that he believes the Model Y will “quite likely” be the world’s best-selling car in the future, many were skeptical. The numbers from the California New Car Dealers Association’s new report would show that Musk is perhaps onto something.

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What You Should Know About Tesla Financing 

EV Life

Despite many legacy brand automakers jumping into the EV space and releasing new electric models, Tesla continues to dominate the electric car market. And while the price has gone down recently for both cars, Teslas are still on the pricier side of the spectrum for many drivers.

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Feature: Bridging the EV Affordability Gap

Clean Fleet Report

The number of plug-in electric cars nearly doubled from 40 to more than 70 vehicles this year, including attractive SUV crossovers in the $40,000 range like the Ford Mustang Mach-E and the Volkswagen ID4. Rebates & Tax Credits Don’t Help Most Americans. How Incentives & FinTech Can Get You In an EV.