Monday, July 15, 2024
HomeInvestmentUS confirms all Tesla Model 3 vehicles qualify for $7,500 tax credit...

US confirms all Tesla Model 3 vehicles qualify for $7,500 tax credit By Reuters


© Reuters. Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. REUTERS/Mike Blake

WASHINGTON (Reuters) – The Biden administration confirmed Tuesday that all Tesla (NASDAQ:) Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two versions saw credits fall in half.

In April, new battery sourcing rules went into effect that lowered the credit of the Model 3 Standard Range Rear Wheel Drive and Long Range All-Wheel Drive to $3,750. Tesla said last week on its website that all versions of the Model 3 again qualify for the full credit. The government confirmed the change on its fueleconomy.gov website.



This story originally appeared on Investing

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments