New Tesla “Model 3” and “Model Y” vehicle purchases benefit from the 2022 Inflation Reduction Act

The new EV Tax Credits associated with this bill extends the $7500 tax credit on qualified new EV and hybrid vehicles through 2032.

This article from Investors Business Daily: https://www.investors.com/news/ev-tax-credits-big-changes-for-electric-vehicle-subsidies-what-you-need-to-know/ says: “New vehicles would need to have a suggested retail price below $55,000 for sedans. That price threshold would be $88,000 for SUVs, trucks and vans to qualify for the EV tax credit.

For Tesla, that means new vehicle purchases of the Model 3 and Model Y are eligible for the $7500 tax credit.

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