Listed here are the one Tesla automobiles that now have entry to the $7,500 EV incentive

Here are the only Tesla vehicles that now have access to the $7,500 EV incentive

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Tesla has formally revealed its electrical automobiles that also retain entry to the $7,500 federal incentive following the rule modifications in 2024.

Over the previous couple of months, Tesla has launched a bunch of recent statements about modifications to the eligibility of its electrical automobiles to the federal tax credit score in 2024.

We’re nonetheless calling it a “tax credit score”, however it’s successfully a point-of-sale incentive beginning at this time.

The confusion got here from modifications to the eligibility guidelines that now require 50% of battery minerals to return from North America and 60% of battery parts to be assembled in North America.

Tesla, like different automakers, have been having points figuring out which of their automobiles would nonetheless have entry to the tax credit score or if they’d see a lowered credit score.

Most lately, Tesla stated all Mannequin 3 variants besides Mannequin 3 Efficiency would lose entry and some Mannequin Y variants may see their tax credit score lowered.

At this time, Tesla formally up to date its listing of automobiles eligible to the federal tax credit score and confirmed that Mannequin Y variants are all retaining entry to the total tax credit score:

  • Mannequin 3 Efficiency: $7,500 
  • Mannequin X Twin Motor: $7,500
  • Mannequin Y Rear-Wheel Drive: $7,500
  • Mannequin Y Lengthy Vary: $7,500 
  • Mannequin Y Efficiency: $7,500

It’s necessary to notice that the worth cap of $80,000 for SUVs and pickup vehicles nonetheless applies. Subsequently, the Mannequin X Twin Motors will get the tax credit score, however because it begins at $79,990, you need to purchase the bottom model with none possibility.

Additionally, on the customer’s facet, the earnings limits nonetheless apply to be eligible to the tax credit score:

  • $300,000 for married {couples} submitting collectively  
  • $225,000 for heads of households 
  • $150,000 for all different filers 

Nevertheless, with the brand new point-of-sale replace in 2024, the federal tax legal responsibility for the 12 months is just not a difficulty anymore.

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