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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. The Tesla Model 3 Highland was recently launched in North America.

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Feature: Bridging the EV Affordability Gap

Clean Fleet Report

The upfront cost of an EV is the biggest barrier to EV adoption, with the average cost of a new EV being 52 percent more than a gas vehicle. Rebates & Tax Credits Don’t Help Most Americans. However, with Senator Manchin saying no to Build Back Better, any improvements to the EV tax credit are now in limbo.

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2024 BMW iX2 review: Is this the EV bargain of the year? How tax incentives make this slick compact SUV a tempting electric car

EV Central

Part of the appeal is six models priced below the luxury car tax threshold, in turn allowing owners to package them into a novated lease and sidestep fringe benefits tax when using the car for personal use. In other words, you’re paying for the car from your pre-tax salary. SCORE: 4.25/5 SCORE: 4.25/5

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Proposed Changes to Federal EV Tax Credit – Part 3: MSRP Must Be Less Than $80,000

EV Adoption

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? But it also means that if the base MSRP of an EV is say $78,500 — that after various upgrades, add-ons, and destination charges — an EV costing $90,000 out the door, would still qualify for the tax credit.

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The Tesla Model 3 is now cheaper to lease than a Toyota Camry

Baua Electric

That makes the effective monthly cost $410, which is a pretty good deal when you consider that the Model 3’s MSRP is $40,380. The Toyota Camry ‘s MSRP is only $29,804, but the effective cost is $442 – that’s $32 more per month than the Tesla Model 3. The folks at CarsDirect surfaced an interesting EV/hybrid sedan comparison.

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CA’s solar tax supporters are trying to run a “wealthy vs disadvantaged” narrative: It doesn’t have to be

Teslarati

In the document, the commission argued that the existing net energy metering tariff “negatively impacts non-participating customers; is not cost-effective; and disproportionately harms low-income ratepayers” since homeowners without solar are being shouldered with the price of maintaining the grid.

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Why new EV incentives are the nail in the coffin for ICE manufacturers

Teslarati

The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. Over the past several days, more details regarding the EV tax credit have been detailed, especially as revisions to the bill were made just a few days ago to include trucks, SUVs, and vans.