Tesla’s Model Y could be ineligible for federal EV tax credit

  • Certain variants of Tesla’s Model Y may not be eligible for the $7,500 federal EV tax credit according to the IRS’s latest guidelines.
  • Elon Musk has called this situation “.”
  • The five-seat Long Range version of the hatchback is too expensive as a car and not considered an SUV, so it falls outside the current guidelines.
  • The rules won’t be finalized until March 2023, so this could change.