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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

The Tesla Model 3 Highland was recently launched in North America. Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. As customers scoured the updated Model 3 Highland configurator page, a few noticed that Tesla included a $7,500 incentive under leases.

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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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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

Cox also found that about 51% of consumers are now considering the purchase of a new or second-hand EV. The Model Y became the world’s best-selling vehicle by volume in the first quarter of the year, and the Model 3 is expected to see a rise in sales following the release of its highly-anticipated Project Highland update.

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2024 Hyundai Ioniq 6 undercuts Tesla Model 3 by more than $9,000

Baua Electric

A dealer bulletin shows that all versions of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus cash”—a rebate that can essentially be applied only to purchases, and not with Hyundai’s current low-interest financing, CarsDirect notes. and starts at $40,380 including destination.

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Tesla Model 3 Performance bows with adaptive suspension, track mode

Baua Electric

A new Tesla Model 3 Performance based on the refreshed Model 3—codenamed “Highland” by the automaker—is now available to order in the U.S. The Model 3 Performance gets the same revised styling previously seen with the Highland update , which have been available in the U.S. Tesla quotes 0-60 mph in 2.9 since January.

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Hyundai undercuts Tesla Model 3 by $9,300 with 2024 IONIQ 6 special cash offer

Baua Electric

Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. It’s essentially like receiving the full EV tax credit with a new purchase. In comparison, the new Tesla Model 3 Highland starts at $40,380 (including destination). Like the IONIQ 6, Tesla’s Model 3 is no longer eligible for the IRA tax credit.

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Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

How can you claim up to $7,500 off some new Tesla models at the time of purchase? With $7,500 of “retail bonus cash”—a rebate on purchases, not leases–the 2024 Hyundai Ioniq 6 is much cheaper than the Tesla Model 3. Looking at the latest “Highland” Model 3, as priced last week, it undercuts the Tesla by $9,000.