The US government confirmed the tax credit of as much as $7,500 for all variations of the Model 3 in an update on its website Tuesday. The change brings the total number of electric vehicle models eligible for the full tax credits to 22,

The Biden administration confirmed Tuesday that all Tesla Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two versions saw credits fall in half. In April, new battery sourcing rules went into effect that lowered the credit of the Model 3 Standard Range Rear Wheel Drive and Long Range All-Wheel Drive to $3,

A dealer can apply the tax credit to any leased electric vehicle, no matter where it's made, to reduce a customer's monthly payment.

Until the end of 2022, the IRS offered a tax credit of up to $7,500 for qualifying plug-in vehicles. The size of the credit was based on battery capacity, and there was a provision to sunset the tax credit for a given manufacturer once it sold more than 200,

Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle. Last year’s Inflation Reduction Act provided a

Tesla 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.

All Tesla Model 3 sedans qualify for the federal tax credit, a change that has recently appeared on a government site tracking which EVs qualify for the incentives.