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. The base Model 3 and Long Range variant no longer qualify for the IRA tax credits.

article thumbnail

2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

Baua Electric

in the second quarter of 2024, at a starting price of $74,800, and it’s now available to configure and order, the company announced Tuesday. Plus Pack versions add 25-speaker, 1,610-watt Bowers & Wilkins audio and upgraded upholstery—wool or “bil-attributed MicroTech”—at a price of $80,300. seconds (versus 4.9

Miles 52
article thumbnail

How the Huawei Fight is Changing the Face of 5G

Cars That Think

Three years ago, Huawei was on the cusp of dominating the world's 5G infrastructure with equipment priced far below competitors. The global adoption of fast, high capacity 5G is expected to usher in a new era of smart devices, extending AI deep into the Internet of things, including autonomous vehicles.

Chinese 118
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

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. Which Electric Vehicles Still Qualify for the Tax Credit?

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. The other $3,750 leans on a stipulation that at least 50% of critical mineral content in batteries be North American–sourced (or from countries in which there’s a free-trade agreement in place). And as expected, it’s very short.