New Model S’s are too expensive to qualify for the tax credit. Sedans need to have an MSRP of $55,000 or less to get the tax credit. SUV/pickups qualify if they are $80,000 msrp or less. Model S has never qualified for the federal tax credit as it is the in the inflation reduction act.
Here is the list of all the current vehicles that qualify in this article.
Consumer Reports
Electric Cars and Plug-In Hybrids That Qualify for Federa...
EV tax credits now expire in September 2025 due to new legislation. Here's the electric cars and PHEVs eligible in the meantime.
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