"2024's Guide to Maximizing Savings with New EV Tax Credits"
The Tesla Model 3 Performance has become an unexpectedly affordable option due to the U.S. federal EV tax credit, with a post-credit price of $43,490, making it cheaper than the Long Range version and the second most affordable Model 3 after the Rear-Wheel-Drive trim. The updated tax credit eligibility excludes certain Tesla models but still benefits others, including the Model Y and Model X variants. The tax credit is subject to vehicle price and buyer income limits, and regional incentives can provide additional savings. The Tesla Cybertruck currently does not qualify for the federal incentive, potentially due to its price exceeding the cap.