Teslarati

FEBRUARY 7, 2023

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

Tax Credit 104

Tax Credit Tax Tesla Price 104

EV Adoption

OCTOBER 29, 2022

The mean MSRP across both BEVs and PHEVs is $75,637 while the mean for BEVs is $66,520 and $87,879 for PHEVs, however that includes two Ferrari PHEVs that cost $625,000 and $322,986. When not including the two Ferraris, the mean MSRP of the PHEVs drops to $64,479, about $2,000 less than the mean BEV MSRP. 4 ($3,735).

PHEV 52

PHEV Available Ferrari Dealers 52

EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116