Tesla Model 3 can now officially cost only ~$25,000
Tesla is bringing the Model 3 to market at $35,000 to be competitive with any other vehicle in its segment without incentives, but that doesn’t mean that buyers can’t take advantage of them.
Yesterday, the Model 3 was officially added to the list of eligible vehicles for California Air Resources Board’s Clean Vehicle Rebate Project (CVRP) – bringing the cost of the vehicle down to $25,000 for most buyers after the federal tax credit, which is expected to start phasing out for Tesla’s vehicles at some point next year.
Some buyers could even get bigger rebates depending on a few criteria, but there are some caveats to those incentives – though technically, most buyers should get away with a Model 3 for around $25,000.
The biggest point to take into account is that applicants with incomes over $150,000 for individuals and $300,000 for joint filers don’t have access to the CVRP.
Secondly, both the federal tax credit and California’s CVRP are taken into account after the purchase.
It means that buyers will have to pay the full price of the car, but they can then apply for the $7,500 federal tax credit, assuming that their tax burden for the current year allows it, and they can apply for a $2,500 CVRP rebate now that the Model 3 was added to the list of eligible vehicles:
Thanks for sharing! Ridiculously cheap - market disruption is happening:
https://steemit.com/science/@najs1crypto/tony-seba-clean-disruption-energy-and-transportation
Good info but only in CA?
I won't even buy it if they drop it to 5k
I like how when you look up the model 3 you get high-speed test runs rather than, you know, economy and ownership costs. Even the landing page lists its 0-60 as a statistic. Expected arrival mid 2018, already in production so hopefully they meet that target.