All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla's website.
. The full $7,500 tax credit is broken into two parts. EVs can qualify for half, or $3,750, if 50% of the value of battery components were produced or assembled in North America; the other half requires 40% of the value of critical materials be sourced from the U.S. or another free trade agreement country.When the tax credits kicked in on January 1, the Treasury Dept. held off on publishing the battery sourcing guidance in order to give EV-makers time to meet the requirements.
that qualified for the full tax credit was the Model 3 Performance. Now, the Model 3 long-range all-wheel drive and rear-wheel drive will also qualify. The Model 3 rear-wheel drive now starts at $32,740 when the tax credit kicks in.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Discounts Model 3 & Y Inventory As Refreshed Model 3 Is ComingTesla has been cutting prices on new models since late last year, and now it just reduced the price of its Model 3 and Model Y inventory units.
Read more »
Tesla Model S And Model X Discontinued In Australia and New ZealandTesla reportedly cited mechanical and logistical issues as reasons to discontinue the right-hand-drive Model S and Model X .
Read more »
The Tesla Model Y just became the world's best-selling carYes, Q1 2023 marks the first time that an EV outsold, globally, any other single model of vehicle
Read more »
Tesla doubles Model 3 discount on vehicles in U.S. inventoryTesla doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. inventory to entice buyers.
Read more »
Watch Tesla Model S Plaid Set New World Record In Quarter MileFor a time, the Model S Plaid was the quickest-accelerating passenger car ever produced. Rivals have arrived, but Tesla's flagship is still setting records.
Read more »
Inside Tesla's $4.2 Billion Model 3 Sale To HertzTesla’s sale of 100,000 Model 3s to Hertz has proven to be a brilliant move and a game-changer. The rental company found new success and others are following.
Read more »