Here are the only Tesla vehicles that now have access to the $7,500 EV incentive

Tesla has officially revealed its electric vehicles that still retain access to the $7,500 federal incentive following the rule changes in 2024. Over the last few months, Tesla has released a bunch of new statements about changes to the eligibility of its electric vehicles to the federal tax credit in 2024.

We are still calling it a “tax credit”, but it is effectively a point of sale incentive starting today. The confusion came from changes to the eligibility rules that now require 50% of battery minerals to come from North America and 60% of battery components to be assembled in North America. Tesla, like other automakers, have been having issues determining which of their vehicles would still have access to the tax credit or if they would see a reduced credit.

Most recently, Tesla said would lose access and might see their tax credit reduced. Today, Tesla officially updated its list of vehicles eligible to the federal tax credit and confirmed that Model Y variants are all retaining access to the full tax credit: It’s important to note that the price cap of $80,000 for SUVs and pickup trucks still applies.

Therefore, the Model X Dual Motors gets the tax credit, but since it starts at $79,990, you have to buy the base version without any option. Also, on the buyer’s side, the income limits still apply to be eligible to the tax credit: However, with the new point of sale update in 2024, the federal tax liability for the year is not an issue anymore.

and subscribe to the . Tesla is a transportation and energy company. It… Fred is the Editor in Chief and Main Writer at Electrek. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas.

Get interesting investment ideas by Fred Lambert ChargePoint Home WiFi Enabled Electric Vehicle (EV) Charger.