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Tesla models eligible for IRA tax credits in 2024

Teslarati

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. The Tesla cars eligible for IRA’s $7,500 tax credit are listed below with their prices. The base Model 3 and Long Range variant no longer qualify for the IRA tax credits.

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

Teslarati

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. Electric vehicles that have components for FEOC nations do not qualify for IRA tax credits. China, Russia, and North Korea are on the list of FEOC nations.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. However, some automakers have indicated that they will make the necessary changes to their pricing, sourcing, or manufacturing in the coming year to place some models back on the list.

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Select Tesla Model 3 variants to lose $7,500 tax credit by 2024

Teslarati

jobs … paving the way for an electric transportation future that’s built here in America.” 300,000 for married couples filing jointly $225,000 for heads of households $150,000 for all other filers The IRA guidance also includes a price cap, which may include optional equipment physically attached to the electric vehicle.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. It’s all part of a comprehensive push from the Biden administration to foster a domestic supply chain for EVs.