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Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Teslarati

Tesla stock ( NASDAQ: TSLA ) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. may have been the deciding factor in the definition of an SUV being more widely available to vehicles that were on the cusp of qualifying.

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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Teslarati

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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EV Charging Trends Multifamily And Commercial Properties Should Consider

CleanTechnica EVs

Enticing tax credits, expanded car model options, and high gas prices are all contributing to an increased number of consumers making the switch from a gas vehicle to an EV.

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Nearly two-thirds of U.S. consumers still have little experience with EVs

Teslarati

consumers have little to no experience with electric vehicles (EVs) still, based on data from thousands of respondents. About a third of Americans say they would definitely buy or lease an EV today, or at least seriously consider it, while about 37 percent report would consider buying an EV in the future.

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The Best Electric SUVs on the Market

EV Life

The electric vehicle market has expanded rapidly in the last few years as automakers have introduced a variety of EV models to keep up with demand. These days, all-electric options are available in every type of vehicle, from high-horsepower electric sports cars to stylish electric luxury sedans to torque-heavy electric trucks.

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Tesla increases Model Y, cuts Model 3 prices in the U.S.

Teslarati

Tesla has increased prices on its Model Y all-electric crossover and cut prices on the Model 3 sedan. The Model Y crossover had several trim levels that, due to weight, did not meet the United States definition of an SUV and, due to its classification, was priced out of the $7,500 tax credit as non-SUV’s have a price limit of $55,000.

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