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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

The Texas-based automaker noted that the $7,500 EV lease incentive would be distributed across the lease term. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Commercial vehicles are not subject to the eligibility requirements as electric vehicles purchased for personal use.

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Tesla price cut: Model Y undercuts Model 3 by $5,000 with tax credit

Baua Electric

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible.

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Electric Vehicle Incentives in Texas

Electric Driver

You may already be aware of the federal tax credits for electric vehicles (if not check out Electric Vehicle Federal Tax Credit: Explained) but there are also EV incentives available in individual states, including some great incentives for Texas residents.

Texas 80
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Ford Focus Electric in California qualifies for $10K in tax credits, HOV access

Green Car Congress

California buyers of the Ford Focus Electric will be able to receive up to $10,000 in tax credits ($2,500 state, $7,500 federal) and enjoy high-occupancy vehicle lane (HOV) access after the car was just approved for California’s Clean Vehicle Rebate Program ( CVRP ). 3 and 7, respectively, for the worst congestion in the US.

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Texas reinstates incentives for electric and alternative fuel cars

Green Car Reports

After a three-year hiatus, Texas has reinstated purchase rebates for plug-in electric and other alternative-fuel vehicles. Texans who buy electric cars after Sept. 1 can get a $2,500 rebate from the state, according to a report in the Dallas Morning News, in addition to the $7,500 tax credit from the federal government.

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IL Suspends Clean-Car Rebates; GA Tax Credit In Trouble Too; Texas Next?

Green Car Reports

State tax credits and purchase rebates have proven effective in kickstarting the early market for plug-in electric cars and other green vehicles. Then there''s Texas, where a. Then there''s Texas, where a. Green Georgia Illinois Texas incentives plug-in cars rebates state laws tax credit'

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$49,900 after tax credit

Plugs and Cars

After a federal tax credit of $7,500, the effective price will be $49,900." If you live in a state that adds further incentives for plug-ins, such as Texas or California, you're looking at perhaps $45,000. Tags: tesla model s tesla motors battery electric car.