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Why Tesla’s Model Y might not be eligible for the new EV tax credit

Jan 4 2023 by The Verge

An assembly line of Model Y vehicles being built at the Texas Gigafactory. | Photo by Loren Grush / The Verge

If you were waiting until after New Year to pick up a Tesla Model Y in hopes it’d qualify you for the new federal tax credit, you might be in for a disappointment. The IRS released a 2023 list of vehicles that qualify for the new $7,500 incentive, and while Tesla’s popular hatchback is on it, the most common five-seater versions won’t be eligible.

According to federal...

Continue Reading Why Tesla’s Model Y might not be eligible for the new EV tax credit