Tesla Announces Some Model 3 Electric Vehicles Will No Longer Qualify For The $7,500 Tax Credit

Electric car maker Tesla (TSLA) announced on its official website late Tuesday that its Rear-Wheel Drive Model 3 vehicles and those with the Long-Ra...

Electric car maker Tesla (TSLA) announced on its official website late Tuesday that its Rear-Wheel Drive Model 3 vehicles and those with the Long-Range electric battery option will no longer be eligible for the $7,500 federal tax incentive after Dec. 31. This change is due to new regulations stemming from the U.S. Inflation Reduction Act.

Earlier this month, the U.S. Treasury Department issued new rules imposing limits on the sources of battery materials, effective Jan. 1. These limitations are aimed at reducing the American electric vehicle industry's dependence on materials from China.

"According to the latest interpretation of the new Inflation Reduction Act regulations, the tax incentive will not be available for the Rear-Wheel Drive Model 3 and Long-Range Model 3 from December 31, 2023. To receive the full tax incentive, customers must pick up the vehicle by December 31."

In April, the Treasury Department provided updated regulations that reduced tax credits for Tesla's Rear-Wheel Drive Model 3 to $3,750. However, it is estimated that other Tesla models will continue to receive full tax incentives.

In July, Tesla suggested that its $7,500 federal tax incentives for its Model 3 electric vehicles could be reduced by the end of the year.

Currently, in order to receive the $3,750 EV tax credit, at least 50% of the value of battery components must be manufactured or assembled in North America. In addition, to qualify for the tax credit, at least 40% of the value of the essential minerals used in batteries must come from the United States or a country that has a free trade agreement with the United States.

TSLA's stock price fell 1.12% in premarket trading on Wednesday.

# TESLA NEWS İLE İLİŞKİLİ:

13 Ara 2023 - 16:50 - Business

Son bir ayda litsuit.com sitesinde 2.129 gösterim gerçekleşti.


göndermek için kutuyu işaretleyin

Yorum yazarak Litsuit Topluluk Kuralları’nı kabul etmiş bulunuyor ve yorumunuzla ilgili doğrudan veya dolaylı tüm sorumluluğu tek başınıza üstleniyorsunuz. Yazılan yorumlardan Litsuit hiçbir şekilde sorumlu tutulamaz.

Haber ajansları tarafından servis edilen tüm haberler Litsuit editörlerinin hiçbir editöryel müdahalesi olmadan, ajans kanallarından geldiği şekliyle yayınlanmaktadır. Sitemize ajanslar üzerinden aktarılan haberlerin hukuki muhatabı Litsuit değil haberi geçen ajanstır.


World Brands

Litsuit, İstanbul ile özdeşleşen markaları ağırlıyor.

+90 (532) 765 24 01
Reklam bilgi