All Tesla Model 3 Vehicles Now Eligible for Full $7,500 US Tax Credit
- Performance version was previously eligible for full credit
- US intends to spur EV adoption, bolster domestic suply chain
A Tesla Inc. Model 3.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
All of Tesla Inc.’s Model 3 sedans are now eligible for the full US tax credit under new criteria for battery-sourcing set by the US Treasury Department, part of a Biden administration plan to spur adoption of electric vehicles.
The change, announced in an update on a government website detailing vehicle eligibility Tuesday, brings the total number of EV models eligible for the full tax credits to 22, including some from General Motors Co., Ford Motor Co. and Volkswagen AG.