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Tesla models eligible for IRA tax credits in 2024

Teslarati

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. Most of Tesla’s other models—including the Model X—are eligible for the full tax incentives. The Teslarati team would appreciate hearing from you.

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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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Tesla signs lithium supply agreement with China-based company 

Teslarati

In the United States, Tesla teamed up with Piedmont Lithium, which received approval to set up mining operations in North Carolina earlier this year. market, the source of battery minerals has become essential to qualifying for the Inflation Reduction Act’s (IRA) EV subsidies, which range from $3,750 to $7,500.

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Polestar delivers brand’s first EVs not made in China

Baua Electric

The Polestar 3 has a base price of $74,800 that’s under the $80,000 federal tax-credit cap for electric SUVs. assembly, it’s unlikely to qualify for a federal tax credit for the foreseeable future. market versions of the coupe-like Polestar 4 will be built at a Renault plant in South Korea.

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2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

Baua Electric

market but for export to some markets. market but for export to some markets. Polestar notes that it will pass along a $7,500 credit on all Polestar 3 leases. Polestar reports that production has already started in Chengdu, China. Polestar has said that U.S. production of the 3 would be not just for the U.S.

Miles 52
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What happened to the Tesla Cybertruck & Model 3’s IRA tax credit eligibility? 

Teslarati

While many Tesla vehicles qualify for the IRA’s tax credits for electric vehicles (EVs), two Model 3 variants and the Cybertruck were left out of the current list. Tesla did not provide a reason for the Model 3 RWD and LR’s exclusion from the IRA tax credits list. The Cybertruck launched late last year in the US market.