Even the cheapest Tesla Model 3 now qualifies for the full $7,500 tax credit | Engadget

I just read this article about Tesla’s latest announcement and I’m pretty excited about it. So Tesla Model 3 owners will now qualify for the full $7,500 tax credit, regardless of which model they choose. This is pretty important news considering that the Model 3 is Tesla’s most affordable vehicle. So basically, if you’ve been eyeing the electric car market, this could just be the time for you to take the plunge!

One thing I particularly liked about this article is that it gave me more insight into the intricacies of the electric vehicle tax credit. For instance, I learned that this tax credit actually begins to wind down once a given automaker sells 200,000 electric vehicles. So Tesla has already blown through that number, which is why the tax credit for their vehicles has been gradually dropping. But now it’s back up to that full $7,500 which is a pretty sweet deal.

Speaking of sweet deals, I have to share a personal anecdote. A buddy of mine recently purchased a new Tesla and was disappointed to hear that he would only be receiving a partial tax credit. But now I get to be the bearer of good news and tell him that he’s in luck! That’s going to be a fun conversation.

All in all, this news is exciting because it means that owning an electric vehicle is becoming more and more accessible to the average person. And considering that electric vehicles are better for the environment, this is a big win for everyone. So if you’re considering a Tesla Model 3, now could be the time to start shopping around. Happy hunting!