EV Tax Credit

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Tesla says Model 3, Model Y tax credits likely to be reduced by 2024

Tesla said the $7,500 federal tax credits for its Model 3 and Model Y electric vehicles are likely to be reduced after December 31, according to a change on the automaker’s website late Tuesday. “Customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a tax credit up […]

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Tesla says all new Model 3s now qualify for full $7,500 tax credit

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 EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for batteries. The full $7,500 tax

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