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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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Tesla starts applying EV tax credit at time of purchase

Baua Electric

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker’s website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles. Tesla started warning customers in Dec.

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The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Truth About Cars

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. With the credit, the Leaf starts in the mid-$25,000 range, extending its lead as the cheapest EV on sale. has a free-trade agreement. Image: Nissan] Become a& TTAC insider.

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Nissan Leaf regains tax credit access, now starts at $24,400

Baua Electric

Nissan and the IRS announced today that the Leaf has regained eligibility for the federal tax credit for electric vehicles. With now $3,750 in tax credit, the Leaf can start at just $24,400 – making it one of the cheapest EVs in the US. Now, the Leaf is not perfect, especially at that price.

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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.

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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

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. In March, the United States Department of Treasury published the battery sourcing guidance, which automakers must comply with to reap the tax credits from the IRA.

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2024 Honda Prologue electric SUV starts under $40,000 with full EV tax credit eligibility

Baua Electric

Who says electric cars are too expensive? The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. With the credit, the Prologue’s starting price falls below $40,000.