BEIJING, Dec 13 (Reuters): Tesla's Model 3 Rear-Wheel Drive and Long Range vehicles will lose an up to $7,500 federal tax credit from Dec. 31 based on new guidance under the US Inflation Reduction Act, a message on the U.S automaker's website showed late Tuesday.
The US Treasury issued guidelines earlier this month detailing new battery sourcing restrictions that take effect Jan. 1 aimed at weaning the US electric vehicle supply chain away from China.
"Tax credit will end for Model 3 Rear-Wheel Drive and Model 3 Long Range on Dec. 31, 2023 based on current view of new IRA guidance. Take delivery by Dec. 31 for full tax credit," the company said in a notice on its website.
Tesla to lose $7,500 consumer tax credits
FE Team | Published: December 14, 2023 00:41:58
Tesla to lose $7,500 consumer tax credits
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