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  2. Tax credits for Tesla Model 3 and other EVs slashed ... - AOL

    www.aol.com/finance/tax-credits-tesla-model-3...

    Tesla ( TSLA) noted on its website that its cheapest Model 3 sedans won’t be eligible for the full $7,500. “All new Model 3 vehicles currently qualify for a federal tax credit for eligible ...

  3. Tesla stock surges as all Model 3 sedans now qualify ... - AOL

    www.aol.com/finance/tesla-model-3-now-costs...

    Nevertheless, the inclusion of the full federal tax credit means the Tesla Model 3 RWD now costs $32,740 if buyers meet criteria including income restrictions and MSRP caps ($55,000 for cars ...

  4. New Electric Vehicle Regulations Could Reduce Tax Credits for ...

    www.aol.com/electric-vehicle-regulations-could...

    Tesla, for instance, noted on a banner on its website that while customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a tax credit up to $7,500 ...

  5. Government incentives for plug-in electric vehicles - Wikipedia

    en.wikipedia.org/wiki/Government_incentives_for...

    The Tesla Model S is eligible for a US$7,500 federal tax credit and a rebate in California, depending on income. The Clean Vehicle Rebate Project (CVRP), initially funded with a total of US$4.1 million by the California Environmental Protection Agency 's Air Resources Board (ARB), was established in order to promote the production and use of ...

  6. Plug-in electric vehicles in the United States - Wikipedia

    en.wikipedia.org/wiki/Plug-in_electric_vehicles...

    The adoption of plug-in electric vehicles in the United States is supported by the American federal government, and several states and local governments . As of December 2023, cumulative sales in the U.S. totaled 4,7 million highway legal plug-in electric cars since 2010, led by all-electric cars. [4] Sales totaled 1,402,371 units in 2023, with ...

  7. Tesla Model Y - Wikipedia

    en.wikipedia.org/wiki/Tesla_Model_Y

    On January 12, 2023, Tesla announced a significant price reduction for the Model Y and Model 3. This reduction made the Model Y Long Range eligible for the federal tax credit of $7,500 under the Inflation Reduction Act, which is applicable only for cars that are priced below $55,000.

  8. More EVs lose US tax credits including Tesla, Nissan ... - AOL

    www.aol.com/news/more-evs-lose-us-tax-174017815.html

    Tesla disclosed in December its Model 3 Rear-Wheel Drive and Long Range vehicles would lose federal tax credits starting Jan. 1. The Model 3 Performance retains the $7,500 credit.

  9. How Do EV Tax Credits Work? - AOL

    www.aol.com/electric-vehicle-tax-credits...

    In 2024, several EVs are eligible for the federal government's tax credit program, which can reduce what you owe the IRS by up to $7500 for a single tax year.

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