Cheapest Tesla Model 3 May No Longer Qualify For US Tax Credit Soon via insideevs.com
Tesla reportedly informed its employees that its least expensive EV may lose eligibility for the newly revamped US federal EV tax credit soon. This is because the cheapest Model 3 features a different battery chemistry, and those batteries are sourced and manufactured in China.went into place. It was expected that nearly every EV in the US was unlikely to qualify for the new credit thanks to strict battery materials sourcing and manufacturing guidelines.
Not long after 2023 was upon us, the US Treasury announced that it hadn't yet finalized its guidance on the battery materials and manufacturing rules. Thus, nearly all EVs in the US qualify for the credit as part of a sort of"loophole." The new rules are expected to be officially put into place in April 2023.
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