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February 4, 2023
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Tesla raises Model Y prices after tax credit change

Tesla sube precios del Model Y tras cambio en crédito fiscal

Tesla It increased in USA the prices of your car ModelYapparently as a result of increased demand and changes in the country’s official rules that make more versions of the small van SUV are eligible for tax credits.

The Austin, Texas-based electric car maker raised the price of the version model YLong Range by about 2% to $54,990, and the Performance trim by about 2.7% to $57,990, according to its website. Prices exclude shipping and an ordering fee.

The measures were taken on Friday, three weeks after Tesla cut prices by nearly 20% on some versions of the Model Y, the company’s best-selling vehicle. The price cut was then made to drive demand into a tailspin and to make more versions of the Model Y eligible for the $7,500 electric vehicle tax credit under the Reducing Inflation Act. Full tax credits will be available through at least March.

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The Treasury Department said Friday that it revised the definitions of electric vehicle classification so that more — including SUVs from Tesla, Ford and General Motors — would be eligible for the full $7,500 tax credit.

The change came after lobbying by automakers aimed at putting pressure on the president’s government Joe Biden to change the definitions of vehicles to allow the most expensive ones to qualify for the maximum credit. Tesla CEO Elon Muskmet with Biden aides last week to discuss the electric vehicle industry and the broader goals of auto electrification reform.

Under the sweeping law passed last summer, pickup trucks, SUVs and vans with a sales price of up to $80,000 qualify for electric vehicle tax credits, while new electric cars, both sedans and vans, can cost up to $55,000. The rule disqualified some SUVs, such as the GM Cadillac Lyriq and some versions of model And, which prompted complaints from Tesla and other automakers.



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