article thumbnail

Tesla embraces new immediate EV tax credit system

Teslarati

Tesla has embraced the new immediate use of the EV tax credit, which was announced last year by the IRS and Department of the Treasury. In October , the IRS and Department of the Treasury announced that it would issue new guidance regarding the EV tax credit, with the changes taking effect in 2024.

article thumbnail

New Tesla Model 3 Performance with federal tax credit is more affordable than Long Range AWD

Teslarati

With a starting price of $52,990, the reengineered Tesla Model 3 Performance is already a bang-for-the-buck vehicle. This is because among Tesla’s current Model 3 lineup, only the new Model 3 Performance qualifies for the $7,500 federal tax credit. Don’t hesitate to contact us with news tips.

article thumbnail

Tesla signals Model Y also losing full $7,500 tax credit

Electrek

Tesla is signaling that along with two trims of Model 3 losing all their federal tax credit next year, Model Y is also “likely” to lose part of the tax credits. more… The post Tesla signals Model Y also losing full $7,500 tax credit appeared first on Electrek.

article thumbnail

Tesla Model Y tax credit, Cadillac Vistiq EV reveal, Hyundai Ioniq 6: Today’s Car News

Green Car Reports

And which Tesla models will keep the EV tax credit in 2024? Tesla has already confirmed that the Model 3 Rear-Wheel Drive and Model 3 Long Range versions. Cadillac has revealed yet another electric SUV, on the way to a fully electric lineup. The Hyundai Ioniq 6 is one of our top picks of the year.

article thumbnail

Tesla Cybertruck tax credit and 48V, next-best EVs, House EPA pushback: Today’s Car News

Green Car Reports

The EPA is very optimistic about the Tesla Cybertruck qualifying for the EV tax credit. The House votes on what appears to be a broad misunderstanding of proposed EPA rules. The Cybertruck pulled off a shift to 48 volts. And why didn’t some EVs and PHEVs make the cut? This and more, here at Green Car Reports.

article thumbnail

Tesla starts applying EV tax credit at time of purchase

Baua Electric

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker’s website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles.

article thumbnail

Tesla is officially losing half $7,500 tax credit on two Model 3 trims

Electrek

Tesla has confirmed that it is officially losing half of the $7,500 tax credit on two Model 3 trims starting next year. more… The post Tesla is officially losing half $7,500 tax credit on two Model 3 trims appeared first on Electrek.