Tesla Warns Model 3 Federal Tax Credit Will \u0026quot;Likely\u0026quot; Be Reduced In 2024

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Tesla Warns Model 3 Federal Tax Credit Will \u0026quot;Likely\u0026quot; Be Reduced In 2024
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Tesla Warns Model 3 Federal Tax Credit Will 'Likely' Be Reduced In 2024 via InsideEVs

. The Model S and Model X are not qualified because they exceeding the price cap.

The brief info does not explain what the reason is nor whether we are talking about all versions or only some versions. Additionally, the same does not concern the Model Y.All new Model 3 vehicles currently qualify for a federal tax credit for eligible buyers. Reductions likely after Dec 31." This is why we can guess that Tesla simply intends to prompt some undecided buyers to consider purchasing in the second half of the year, boosting its sales.

Battery components : 50% of the value of battery components must be manufactured or assembled in North America

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