Electric car-maker Tesla has announced that every new Model 3 vehicle now qualifies for $7,500 EV tax credit in the US.
With this, the starting price of a Tesla Model 3 — after federal tax credits — may once again be below the $35,000 mark.
Tesla’s website claimed every new Model 3 is eligible for the full $7,500 federal tax credit in the US.
The EV tax credits were mandated by the US Congress last year as part of the Inflation Reduction Act. The aims to cut dependency on China for batteries.
