If Telsa wants to qualify their Model Ys for the tax credit, they are going to have to lower the price to $55,000. https://www.irs.gov/credits-deductions/manufacturers-and-models-for-new-qualified-clean-vehicles-purchased-in-2023-or-after
From your source, qualified vehicles: Model Year Vehicle Description Applicable MSRP Limit 2022, 2023 Tesla Model 3 Rear Wheel Drive $55,000 2022, 2023 Tesla Model 3 Long Range $55,000 2022, 2023 Tesla Model Y All-Wheel Drive - 7 seat variant (3-rows) $80,000 2022, 2023 Tesla Model Y Long Range - 7 seat variant (3-rows) $80,000 2022, 2023 Tesla Model Y Performance - 7 seat variant (3-rows) $80,000 2022, 2023 Tesla Model Y All-Wheel Drive - 5 seat variant (2-rows) $55,000 2022, 2023 Tesla Model Y Long Range - 5 seat variant (2-rows) $55,000 2022, 2023 Tesla Model Y Performance - 5 seat variant (2-rows) $55,000 My understanding is the final IRS rules won’t be known until March. Bob Wilson
Yes, the finial rules are stated to be released by the end of March. However, unless the corporate lobbying groups have their way, the cars that qualify for any tax credit are now in place for individuals. What I found interesting was the VW ID4 AWD Pro qualified as an SUV and the others where not listed as SUVs. Possible error? The rules for business and what qualifies as a business are still in progress. The senator from West Virginia has made it clear to the treasury department that leasing and car rental businesses where not intended to be included in that section of the bill. If the treasury department states that leasing is a business, then that's going to be a major loophole.
The SUV definition is explained in the Ford Mach-E section, and explains why the VW AWD Pro qualifies as an SUV. https://www.insideevsforum.com/community/index.php?threads/tax-credit-limit.15277/
Apparently, leasing is OK with the treasury department and gets around all those new battery rules and place of manufacturing rules.
You just renting the car. So the tax credit goes to the owner of the car (leasor). I some cases the leasor will applied the tax credit to your rent payments by lowering your rent, which would be good for you. Others will keep the money for themselves and you get nothing. You need to contact a salesperson at Tesla to see what they do.
