Tesla’s recent price cuts have made their Model 3 and Model Y vehicles eligible for the federal tax credit of up to $7,500, potentially lowering prices even further. But in addition to the federal tax credit, some states offer their own rebates, and California is one of the most generous. Last week, it was reported that some Tesla Model 3 and Model Y variants have become eligible for the California Air Resources Board’s Clean Vehicle Rebate Program (CVRP), which consists of a $2,000 rebate. This means that the Model 3 starting at $42,990 and the Model Y starting at $54,990 qualify for the additional $2,000 rebate in California. After Tesla reapplied for eligibility, they have started displaying the potential savings on their website. The $7,500 federal tax credit and the $2,000 CVRP bring the base Tesla Model 3 RWD’s price down to $30,990 in California. This is great value for consumers who are eligible for both the federal- and state-level incentives. Tesla also lists an “Estimated 6-year gas savings” of $4,200 to the amount, which brings the Model 3’s adjusted cost with all potential savings to just $26,790 before options. The same applies to the Model Y Long Range, which is listed with a price of just $42,990 for qualified California customers. To be eligible for California’s $2,000 rebate, applicants must have a gross annual income below $135,000 for single filers, $175,000 for head-of-household filers, and $200,000 for joint filers. Those with household incomes of less than or equal to 400 percent of the federal poverty level are also eligible for an additional rebate of $2,500. With these incentives in place, Tesla’s Model 3 and Model Y vehicles are now more affordable than ever before in California.
FAQ
Q1: Are electric car batteries recyclable?
A1: Yes, electric car batteries are recyclable.
Q2: Are electric car chargers free?
A2: It depends on the charger and the location. Some electric car chargers are free, while others may require a fee.
Q3: Can electric car batteries be rebuilt?
A3: Yes, electric car batteries can be rebuilt with the right tools and knowledge.
