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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. 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. We are going to have lots of battery capacity in the United States.

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Report: Tesla To Build Fabled Affordable Electric Car in Germany

The Truth About Cars

New reports state that Tesla is working toward an affordable EV model and note that it will produce the vehicles at its German location near Berlin. As these things tend to go with Tesla, the information came from an unnamed source, as reported by Automotive News. We’re back here again.

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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. The IRA loophole Tesla applies to the Model 3 Highland leases is not new.

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The Tesla Model 3 RWD’s federal tax credit gets reduced to $3,750

Teslarati

The Tesla Model 3 RWD, the most affordable vehicle in the company’s lineup, will see its federal tax credit reduced from $7,500 to $3,750, as confirmed by an update on Tesla’s official Model 3 page. The reduction in the federal tax credit for the Model 3 RWD will take effect on April 18.

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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

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Tesla Model S, Model X, and Model Y receive new round of price adjustments in the US

Teslarati

With their price adjustments, the two flagship vehicles and Tesla’s best-selling car have become a bit more affordable for consumers. The reengineered Tesla Model 3 , which was launched in the United States last January, was not affected by the recent round of price cuts. Don’t hesitate to contact us with news tips.

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Upgraded Tesla Model 3 Long Range Dual Motor AWD gets minor price increase

Teslarati

That is, at least, unless one takes into account federal tax credits in the United States. With the IRA’s federal tax credit in place, the Model Y could effectively be more affordable than the Model 3 in the United States. Don’t hesitate to contact us with news tips.