, , , , , , , , , ,

Even the cheapest Tesla Model 3 now qualifies for the full $7,500 tax credit

If you're buying a Tesla Model 3 in the US, you can now get the maximum possible tax credit of $7,500 no matter what make you're getting. Tesla has updated its website to show that the rear-wheel drive Model 3, along with its long range and performance counterparts, now qualify for the full federal tax credit for EVs. You'll also get to the enjoy the same amount of savings if you're buying the all-wheel, long-range or performance Model Y. 

The US government issued a revised set of guidelines for which electric vehicles qualify for the federal $7,500 EV tax credit in March to comply with the Inflation Reduction Act rules the president signed last year. Under the new guidelines, which went into effect on April 18th, vehicles using battery components that are 50 percent made or assembled in the US qualify for a tax credit of $3,750. They can only get the full $7,500 credit if their manufacturer sources at least 40 percent of their critical minerals from the US or its free trade partners, which don't include China. 

A lot of EVs were kicked off the list of vehicles qualified for credits when the change was implemented, but some were re-added in the days that followed. You could only subtract $3,750 from your taxes for Tesla's rear-wheel drive and long range Model 3 due to the new guidelines, but that's no longer the case. It's not quite clear if Tesla altered the cars' batteries or found new suppliers to ensure that its new Model 3 deliveries meet the requirements for the new guidelines. But this means in some locations, you could get the standard version of the vehicle for just a bit more than $30,000 — or maybe even less than that if the state has its own perks for EVs.

This article originally appeared on Engadget at https://www.engadget.com/even-the-cheapest-tesla-model-3-now-qualifies-for-the-full-7500-tax-credit-112145637.html?src=rss

https://www.engadget.com/even-the-cheapest-tesla-model-3-now-qualifies-for-the-full-7500-tax-credit-112145637.html?src=rss


January 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  

About Us

Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.

At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.

We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.

From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.

So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.

Podcasts

TWiT 1015: Smarter Than a House Cat – TikTok, Trumpcoin, Samsung Unpacked 2025 This Week in Tech (Audio)

Supreme Court Upholds Law That Threatens US TikTok Ban Trumpcoin Texas Sues Allstate Over Its Collection of Driver Data Skyrocketing car-insurance premiums are pushing inflation higher Behind the Curtain — Coming soon: Ph.D.-level super-agents 4 surprise products we could see at Samsung Unpacked 2025 Apple suspends error-strewn AI generated news alerts US Finalizes Rule Banning Smart Cars With Russian, Chinese Tech Natrium 'advanced nuclear' power plant wins Wyoming permit – WyoFile Cash App parent fined $175 million for 'woefully incomplete' response to fraud FDA Proposes Significant Step Toward Reducing Nicotine to Minimally or Nonaddictive Level in Cigarettes and Certain Other Combusted Tobacco Products Host: Leo Laporte Guests: Jason Hiner, Paris Martineau, and Molly White Download or subscribe to This Week in Tech at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: joindeleteme.com/twit promo code TWIT ziprecruiter.com/twit NetSuite.com/TWIT canary.tools/twit – use code: TWIT shopify.com/twit
  1. TWiT 1015: Smarter Than a House Cat – TikTok, Trumpcoin, Samsung Unpacked 2025
  2. TWiT 1014: Just Say It's Capitalism – CES 2025, Meta News, Newag DRM
  3. TWiT 1013: Calamari in Crisis – Touching the Sun, Fake Spotify Artists, Banished Words
  4. TWiT 1012: Our Best Of 2024 – The Best Moments From TWiT's 2024
  5. TWiT 1011: The Year in Review – A Look at the Top Stories of 2024