does tesla model y qualify for federal tax credit

These changes are not binding but likely. 3 S X Y.


2022 Tesla Model Y Long Range Awd Pg E Ev Savings Calculator

So now you should know if your vehicle does in fact qualify for a federal tax credit and how much you might be able to save.

. You can apply for financing on the Tesla website as part of the car-buyingcar-ordering process after you pick out or build a model. The VIN would then be used to claim the tax credit. These granted tax credits on PEV vehicles will phase out once 200000 plug-in vehicles are sold by each manufacturer in the US.

Perhaps however you plan to buy the newly refreshed Tesla Model S or. Tesla works with several lenders that provide financing on all of its existing models. Alternatively you could get an auto loan directly from your bank or credit union.

The under 8000 MSRP limit necessary to qualify for the credit has remained from the original bill. Tesla welcomes third-party financing. During this phase out period after 200000 plug-in car sales qualified producers will experience a drop in a tax credit of 7500 to 3750 for the next 6 months followed by a drop to 1875 for another 6 months until the credit is run out completely.


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