Advertisement
Canada Markets open in 2 hrs 34 mins

  • S&P/TSX

    22,375.83
    +116.63 (+0.52%)
     

  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     

  • DOW

    39,387.76
    +331.36 (+0.85%)
     

  • CAD/USD

    0.7310
    -0.0001 (-0.0088%)
     

  • CRUDE OIL

    79.90
    +0.64 (+0.81%)
     

  • BTC-CAD

    86,238.11
    +2,669.38 (+3.19%)
     

  • CMC Crypto 200

    1,304.49
    -53.52 (-3.94%)
     

  • GOLD FUTURES

    2,384.20
    +43.90 (+1.88%)
     

  • RUSSELL 2000

    2,073.63
    +18.49 (+0.90%)
     

  • 10-Yr Bond

    4.4490
    -0.0430 (-0.96%)
     

  • NASDAQ futures

    18,296.75
    +82.25 (+0.45%)
     

  • VOLATILITY

    12.78
    +0.09 (+0.71%)
     

  • FTSE

    8,447.70
    +66.35 (+0.79%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6779
    +0.0001 (+0.01%)
     

US confirms all Tesla Model 3 vehicles qualify for $7,500 tax credit

Reuters
Updated ·1 min read

WASHINGTON, June 6 (Reuters) - The Biden administration confirmed Tuesday that all Tesla Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two versions saw credits fall in half.

In April, new battery sourcing rules went into effect that lowered the credit of the Model 3 Standard Range Rear Wheel Drive and Long Range All-Wheel Drive to $3,750. Tesla said last week on its website that all versions of the Model 3 again qualify for the full credit. The government confirmed the change on its fueleconomy.gov website. (Reporting by David Shepardson)