article thumbnail

What happened to the Tesla Cybertruck & Model 3’s IRA tax credit eligibility? 

Teslarati

As the new year rolled in, Tesla updated its website to inform customers about its vehicles’ eligibility under the Inflation Reduction Act’s (IRA) new qualifications. While many Tesla vehicles qualify for the IRA’s tax credits for electric vehicles (EVs), two Model 3 variants and the Cybertruck were left out of the current list.

article thumbnail

IRS invites consumers to comment on EV tax credit qualifications

Teslarati

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. Tesla and electric vehicle supporters have been vocal about the Inflation Reduction Act’s qualified cars for the EV incentive. Credit: IRS. We’ll update you if/when we receive one.

article thumbnail

Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

Long-range all-electric trucks like the Tesla Semi will not come cheap. Battery costs are declining quickly, but even Tesla still lists its 300-mile Semi variant with an estimated starting price of $150,000. The Tesla Semi would likely qualify for these incentives. Don’t hesitate to contact us with news tips.

article thumbnail

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 starts with an MSRP of $38,995 for the Standard variant, which has a 62 kWh battery and an EPA-estimated range of 209 miles. The 2023 ID.4 Volkswagen sells the 2023 ID.4 Only VW ID.4

article thumbnail

Tesla Model 3 Performance gets official EPA estimate

Teslarati

The Tesla Model 3 Performance All-Wheel Drive (AWD) received an official EPA estimate of 303 miles in the United States. Tesla recently increased the price of the Model 3 Performance AWD by $1,000 from $53,990 to $54,990. The Tesla Model 3 Performance was initially released in April 2024 , starting at $52,990.

EPA 115
article thumbnail

Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit. The vehicle is equipped with a 99.8

article thumbnail

Tesla to increase Model Y price in the U.S. next month

Teslarati

Tesla has announced plans to increase the price of its Model Y in multiple regions in the coming weeks, including in the U.S. According to a note on Tesla’s website , the price of all three Model Y configurations will increase by $1,000 in the U.S. also offer additional local tax credits on electric vehicles (EVs).