Tesla’s Model 3 eligible for $7,500 tax credit, making it cheaper than a Toyota Camry

  • 📰 nypost
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

United States Headlines News

United States Latest News,United States Headlines

A Model 3 starts at $40,240 and the price may fall to $25,240 when the $7,500 federal tax credit and another $7,500 from the California tax rebate kick in, depending on income and other requirement…

Tesla’s rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal US credits that, along with other tax breaks, could lower its price to less than a Toyota Camry.$7,500 electric vehicle consumer tax creditsNew battery sourcing rules went into effect in April that lowered the credit of the Model 3 Standard Range Rear Wheel Drive and Long Range All-Wheel Drive to $3,750.

“It is highly likely it is Panasonic but there may be some concerns around cell availability if they need to supply enough for all US Model 3s,” he said. When asked about Tesla and whether there had been a change in its supply arrangements to North America, CATL said, “The strategic partnership between the company and customers has not changed and will continue to deepen and improve.”

 

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

 /  🏆 91. in US

United States Latest News, United States Headlines

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

Tesla's Model 3 cheaper than Toyota's Camry in California with tax benefitsTesla Inc's rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal U.S. credits that, along with other tax breaks, could lower its price to less than a Toyota Camry.
Source: Reuters - 🏆 2. / 97 Read more »

Stock futures are little changed after the S&P 500’s best week since MarchInvestors are focused on what has so far proven the narrow breadth in the market in 2023, and looking ahead to PMI data Monday morning.
Source: CNBC - 🏆 12. / 72 Read more »

U.S. stock futures show S&P 500 consolidating at 2023 highsThe S&P 500 on Monday was looking to consolidate at its best level since August having rallied in recent sessions on the removal of U.S. debt default fears.
Source: MarketWatch - 🏆 3. / 97 Read more »

Senegal arrests around 500 people since deadly protests broke outHundreds of people have been arrested across Senegal since deadly protests broke out against the sentencing of an opposition leader, Interior Minister Antoine Diome says
Source: trtworld - 🏆 101. / 63 Read more »

Stocks are little changed after the S&P 500’s best week since March: Live updatesU.S. stocks were little changed as traders digested a broad-based rally that pushed the S&P 500 to its best week since March and its highest level since August.
Source: CNBC - 🏆 12. / 72 Read more »

Bryce Menzies Takes Ford Raptor to Victory in the Baja 500Menzies drove the entire 473.67-mile course solo, with no relief driver.
Source: AutoweekUSA - 🏆 229. / 63 Read more »