Tesla Cybertruck has just gained a significant financial advantage, with both All-Wheel Drive (AWD) and Rear-Wheel Drive (RWD) variants now qualifying for the full $7,500 federal EV tax credit. This development effectively brings the starting price down to $72,490 for eligible buyers.
The Internal Revenue Service’s confirmation extends beyond the AWD model, encompassing the yet-to-be-released RWD version. This preemptive qualification ensures future RWD Cybertruck buyers can factor the credit into their purchase decisions, though Tesla hasn’t announced a release date for this variant.
A crucial detail emerges in the fine print: the Cybertruck must maintain an MSRP below $80,000 to retain tax credit eligibility. The IRS draws clear lines between standard features and accessories, with the latter potentially affecting qualification status.
The classification of vehicle upgrades presents a complex scenario for potential buyers. While certain modifications like All Terrain tires might affect the MSRP calculation, the IRS considers some features separately from the base price. Key elements that count toward the $80,000 threshold include:
- Seat color selections
- Wheel upgrades
- Paint color options
- Steering wheel enhancements
Buyers must carefully navigate their Cybertruck configuration choices to maintain tax credit eligibility. The $7,500 incentive could vanish if customization pushes the price beyond the threshold, requiring strategic decisions about which features truly matter.
Tax credit status just made the Cybertruck’s value proposition more electric.
Related Post
New Tesla Model 3 Long Range now Officially Qualifies Full $7,500 Federal EV Credit in the US
Tesla Adds Essential Camera Maintenance Requirement for Autopilot Systems | What to Know
Tesla Lease Buyout: Offering end-of-lease buyouts for Model 3/Y/S/X and Cybertruck