{"id":39257,"date":"2022-12-29T14:48:41","date_gmt":"2022-12-29T19:48:41","guid":{"rendered":"https:\/\/autosector.com\/?p=39257"},"modified":"2022-12-29T14:48:41","modified_gmt":"2022-12-29T19:48:41","slug":"tesla-models-eligible-us-federal-tax-credit","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=39257","title":{"rendered":"Here are the Tesla models eligible for $7,500 US federal tax credit"},"content":{"rendered":"
\n\t\t\"tesla
\n\t<\/figure>\n

The IRS has now released its full list of electric vehicle models eligible for the new and updated $7,500 US federal tax credit.<\/p>\n

Here\u2019s the list of Tesla models eligible.<\/p>\n

<\/p>\n

The new $7,500 federal tax credit for electric vehicles in the US is coming into effect on January 1, 2023, but there are still a lot of details we don\u2019t know about.<\/p>\n

The biggest unknowns regard the requirements of battery material provenance and component manufacturing. Recently, the US Treasury announced that it is delaying the guidances<\/a> regarding those requirements until March and, therefore, they won\u2019t apply until then.<\/p>\n

In the meantime, the new tax credit is still coming next month, and now the IRS has released a list of vehicles eligible.<\/p>\n

You can find a full list here<\/a>, but we looked into the Tesla models eligible here because there is a surprise in the list:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
Model Year<\/th>\nVehicle Description<\/th>\nApplicable MSRP Limit<\/th>\n<\/tr>\n<\/thead>\n
2023<\/td>\nTesla Model 3 Rear Wheel Drive<\/td>\n$55,000<\/td>\n<\/tr>\n
2023<\/td>\nTesla Model 3 Long Range<\/td>\n$55,000<\/td>\n<\/tr>\n
2023<\/td>\nTesla Model Y All-Wheel Drive \u2013 7 seat variant (3-rows)<\/td>\n$80,000<\/td>\n<\/tr>\n
2023<\/td>\nTesla Model Y Long Range \u2013 7 seat variant (3-rows)<\/td>\n$80,000<\/td>\n<\/tr>\n
2023<\/td>\nTesla Model Y Performance \u2013 7 seat variant (3-rows)<\/td>\n$80,000<\/td>\n<\/tr>\n
2023<\/td>\nTesla Model Y All-Wheel Drive \u2013 5 seat variant (2-rows)<\/td>\n$55,000<\/td>\n<\/tr>\n
2023<\/td>\nTesla Model Y Long Range \u2013 5 seat variant (2-rows)<\/td>\n$55,000<\/td>\n<\/tr>\n
2023<\/td>\nTesla Model Y Performance \u2013 5 seat variant (2-rows)<\/td>\n$55,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

The Model S and Model X are not on the list, but that\u2019s not a surprise due to their starting price at over $100,000.<\/p>\n

The surprise is that not all Model Ys qualify as an SUV, which enables a higher MSRP limit of $80,000 instead of $55,000 for all vehicles that are not pickup trucks, vans, or SUVs.<\/p>\n

It looks like the IRS only considers the Model Y an SUV when it\u2019s in a seven-seat configuration, but the rules don\u2019t appear to be consistent across brands. For example, the Ford Mustang Mach-E is also limited to a $55,000 MSRP, and it doesn\u2019t have an optional third row.<\/p>\n

However, the VW ID.4 does get access to the $80,000 MSRP limit, but it is only for the AWD versions of the SUV. There\u2019s no seven-seat option for the ID.4, either.<\/p>\n

Electrek\u2019s Take<\/h2>\n

There appear to be some inconsistencies in the new IRS update. GM vehicles are also not in there, but that might be because they haven\u2019t filed all the paperwork yet.<\/p>\n

Either way, if it\u2019s on the list for now, you should be able to claim it.<\/p>\n

The entire situation should become clearer during the first quarter of 2023, but we expect some models to potentially see a reduction in the tax credit due to the battery sourcing requirements.<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

The IRS has now released its full list of electric vehicle models eligible for the new and updated $7,500 US federal tax credit. Here\u2019s the list of Tesla models eligible. The new $7,500 federal tax credit for electric vehicles in the US is coming into effect on January 1, 2023, but there are still a […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39257"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39257"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}