Tesla Model 3 Long Range Now Eligible for Full $7,500 Tax Credit — Super Cheap

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You can now buy the Tesla Model 3 Long Range in the United States and get the full $7500 federal tax credit. That is, of course, if you have that much tax liability. Consult a tax professional before counting on the full $7500 if you are not sure of your situation.

One funny result of this law when it came into full effect is that it became cheaper to buy a Tesla Model Y Long Range if you included the $7500 tax credit than to buy a Tesla Model 3 Long Range. Though, since then, the Model 3 got a big update , so their starting prices are close anyway. Without the tax credit, the Model 3 Long Range So, yes, you can get the $7500 tax credit on any version of the Model Y, whereas you still can’t get the $7500 tax credit on the RWD version of the Model 3.

There are actually several assumptions you have to make to come up with a 5-year cost of ownership estimate and savings estimate, including maintenance, insurance, and resale value/depreciation . Just dealing with gas costs and savings, one has to estimate miles driven per year, your average cost of gas across those 5 years, your average cost of electricity for charging across those 5 years , and more if you really wanted to get nutty.

 

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