Tesla's U.S. price cuts mean more models are eligible for federal EV tax credit

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Tesla cut prices on its most popular electric cars by as much as 20%. For U.S. buyers, that means more models qualify for tax incentives that kicked in Jan. 1

Tesla cut prices on its most popular electric cars in the U.S. and Europe by as much as 20% in a bid to spur slackening demand. For U.S. buyers, that means more Tesla models, including some with more options, now qualify for the tax incentives that kicked in on Jan. 1.Related: Tesla... Tesla cut prices on its most popular electric cars in the U.S. and Europe by as much as 20% in a bid to spur slackening demand. For U.S.

As for Tesla, the price for a long-range all-wheel-drive Model Y was dropped to $52,990 from $65,990 — a 19.7% discount, The Model Y’s performance model was cut by 18.6% to $56,990 from $69,990. The Inflation Reduction Act signed in August 2022 includes tax credits for all-electric vehicles and plug-in gas/electric hybrids that essentially gave new life to an old program meant to get more Americans into EVs on the way to a zero-emission future. The new law made it easier for used-car buyers and those taking on a lease to get some breaks as well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

remindmeofthistweet in 5 days

In the last several months, I have totally changed my viewing of EVs. With the price cut and this government money support, I will buy a Tesla when I need a new car.🙏

🤣🤣🤣🤣🤡🤡🤡🤡

Massive price cuts is an unusual strategy for shoring up your falling stock price. I don't see how that's going to help your earnings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla cuts US electric vehicle prices by up to 20% on slowing demandTesla has slashed the prices of its Model 3 sedan and Model Y SUV between 6% and 20% in the US, as it reverses strategy after demand tapers 特斯拉已将其Model 3轿车和Model Y SUV在美国的价格下调了6%至20%,因为在需求减少后,特斯拉改变了策略
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla cuts US electric vehicle prices by up to 20% on slowing demandTesla has slashed the prices of its Model 3 sedan and Model Y SUV between 6% and 20% in the US, as it reverses strategy after demand tapers Demand what? 特斯拉已将其Model 3轿车和Model Y SUV在美国的价格下调了6%至20%,因为在需求减少后,特斯拉改变了策略
Source: BusinessInsider - 🏆 729. / 51 Read more »