The not too long ago launched Tesla Cybertruck has been formally authorized for the $7,500 federal tax credit score in 2023. 

In accordance with the U.S. Division of Vitality information, primarily based on the Inner Income Service knowledge as of December 7, 2023, two Tesla Cybertruck variations qualify for the complete $7,500 incentive: the all-wheel drive model and the top-of-the-line, tri-motor Cyberbeast model, whereas the rear-wheel drive model has not been listed but. This model is deliberate for 2025, so extra readability might come later.

The motivation is obtainable just for pickup vehicles with a worth that doesn’t exceed $80,000, which might be probably the most essential issue right here as a result of no Cybertruck offered in 2023 would possibly meet that requirement.

In accordance with Tesla’s web site, the bottom worth of the initially launched Tesla Cybertruck Cyberbeast is $99,990. The Tesla Cybertruck AWD in idea can be eligible for the motivation, because of the estimated worth of $79,990, however Tesla says that deliveries will solely begin in 2024. In different phrases, this 12 months, there is likely to be no tax credit score for Cybertrucks proper now, interval.

Estimated Tesla Cybertruck costs (MSRP):

• RWD: $60,990 (in 2025)
• AWD: $79,990 (in 2024)
• Cyberbeast: $99,990 (in late 2023)

An attention-grabbing factor is that the Cyberbeast, with a worth clearly exceeding the value cap, is listed by the IRS, however the equally costly Tesla Mannequin X Plaid just isn’t listed alongside the cheaper Tesla Mannequin X Lengthy Vary AWD.

Granted, this info might solely be helpful for just a few extra weeks. The total EV tax credit score system is altering once more in January when new guidelines round battery supplies sourced from China go into impact. Try our information to these adjustments right here. Till the entire automobile trade will get readability this, solely time will inform whether or not the Cybertruck, and different all-electric automobiles listed under might be eligible for the complete tax credit in 2024.