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Dubai News Club > Tech > Why Tesla’s Model Y might not be eligible for the new EV tax credit
Tech

Why Tesla’s Model Y might not be eligible for the new EV tax credit

Press Room
Last updated: 2023/01/03
Press Room
Published: January 3, 2023
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If you were waiting until after New Year to pick up a Tesla Model Y in hopes it’d qualify you for the new federal tax credit, you might be in for a disappointment. The IRS released a 2023 list of vehicles that qualify for the new $7,500 incentive, and while Tesla’s popular hatchback is on it, the most common five-seater versions won’t be eligible.

Without SUV status, the Model Y’s qualifying price ceiling would be $55,000, the same category that includes a compact hatchback like the…

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