article thumbnail

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

Teslarati

China, Russia, and North Korea are on the list of FEOC nations. Meanwhile, the Cybertruck RWD isn’t available yet. Tesla estimates that the RWD variant will be available in 2025 with a range estimate of 250 miles. The top-tier variant of Tesla’s EV pickup truck, the Cyberbeast, is above the IRA’s MSRP price cap.

article thumbnail

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

EV Life

On the one hand, the (up to) $7,500 tax credit is now available right away at the point of sale, eliminating the wait time and allowing drivers to apply their savings directly to the purchase of their vehicle at the dealership—which is great for consumers. In addition, battery sourcing requirements can also affect a vehicle’s eligibility.

article thumbnail

How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

There are various opportunities available to help offset the expenses linked with transitioning to electric vehicle. Alternatively, these critical minerals can be made from recycled materials in North America. One such incentive is the Clean Vehicle Credit , a key component of the Biden administration’s Inflation Reduction Act.