"Understanding the Shifts in EV Tax Credits and Tesla's Eligibility in 2024"
Tesla has updated its list of vehicles eligible for the full $7,500 federal EV tax credit, which now functions as a point-of-sale incentive. The eligible models include the Model 3 Performance, Model X Dual Motor, and all Model Y variants, with the condition that the Model X must be the base version to stay under the $80,000 price cap for SUVs. Income limits for buyers apply, but the new point-of-sale system removes the need for federal tax liability consideration in 2024.