2min chapter

Ride the Lightning: Tesla Motors Unofficial Podcast cover image

Episode 405: The Model 3 LR AWD Is Back + 3 “New” 2010 Roadsters Found!

Ride the Lightning: Tesla Motors Unofficial Podcast

CHAPTER

Tesla's New Tax Credit on the Base Model 3

A loophole is allowing qualifying buyers to get the full $7,500 tax credit on the base Model 3. The lease option is an IRA loophole you could drive millions of electric vehicles through. International automakers lobbied for and secured it after fearing they'd be shut out of the IRA tax credits aimed at stimulating the nascent EV market in the US.

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