Treasury Now Classifies Tesla Model Y As An SUV

When is an SUV not an SUV? When the US Treasury Department says it isn’t. The distinction is important because the maximum sale price for an SUV to qualify for the new federal EV tax incentives is $80,000, but only $55,000 if a vehicle is classified as a passenger car or wagon.

Things got even more silly in the case of the Model Y. Treasury said it was an SUV if it had the optional third row seats, which very few customers want. Not to put too fine a point on it, but those seats are hardly suitable for actual adults. In response, Tesla slashed the price of the Model Y by nearly $20,000 so it would qualify for the EV tax credit that went into effect on January 1.

Customers who have purchased and placed in service vehicles since January 1, 2023, that qualify under the EPA Fuel Economy Labeling classification standard announced today and who satisfy the other clean vehicle tax credit requirements can claim the credit, including customers with vehicles that did not qualify under the prior EPA CAFE standard.

Great news

Bro it is an SUV 💀💀

this really needs a good metric to rely on instead. Gross Weight? Cabin volume? Idk some less arbitrary

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