article thumbnail

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.

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

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.

article thumbnail

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

Teslarati

We’re talking about companies under the control or jurisdiction of the government of a quote-unquote, covered nation, which in this instance means North Korea, China, Russia, or Iran, as written in the statute,” noted Deputy Energy Secretary David Turk. The price cap excludes software features, accessories, taxes, and fees.

article thumbnail

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. Since the start of 2023, income and price caps have been in effect. Vehicle price caps also apply, of $55,000 for new cars and $80,000 for pickup trucks, SUVs, and vans. And as expected, it’s very short.