Tesla EV Tax Credits Qualified for 2 Models after Price Drop of 20%

Tesla has recently announced that two of its electric vehicle (EV) models, the Model S and Model X, now qualify for federal EV tax credits after the company marked down their prices by 20%.

The federal EV tax credit is a tax incentive for consumers who purchase electric vehicles, with the credit amount based on the size of the vehicle’s battery. To qualify for the credit, a vehicle must have at least a 4 kWh battery and the manufacturer must not have exceeded the 200,000 vehicle credit cap set by the government.

Previously, the Model S and Model X did not qualify for the credit as their prices were above the threshold set by the government. However, with the recent price drop of 20%, the vehicles now qualify for the credit. This means that customers who purchase a Model S or Model X may be eligible for a tax credit of up to…Readmore…