Tesla Model 3 Long Range gets access to federal tax credit, now starts at $40,000
Tesla Model 3 Long Range has now officially become eligible for the $7,500 federal tax credit for electric vehicles.
With increasing restrictions on battery material and component sourcing limiting the eligibility of some electric vehicles to the up to $7,500 federal tax credit, it has sometimes been difficult to track which cars have access as automakers are trying to adjust to meet the standards.
For example, when Tesla launched the new Model 3 Performance, we noted that it made more sense to get it over the cheaper Model 3 Long Range since the former was eligible to the tax credit – that’s assuming that the buyer is also eligible ($150,000 yearly income or $300,000 for dual filers).
Now, Tesla and the IRS have both confirmed that the Model 3 Long Range is now eligible for the full tax credit.
After the tax credit, the Model 3 Long Range now starts at roughly $40,000 – only $1,000 more than the Model 3 Rear-Wheel Drive, which is not eligible to the tax credit because it uses LFP battery cells from China.
Tesla doesn’t comment on changes, but it is presumed that the automaker has changed the batteries in the model in order to be eligible for the tax credit.
Batteries coming from China are the main reason for electric vehicles built in the US not to be eligible for the tax credit.
Electrek’s Take
$40,000 Model 3 Long Range? That’s a pretty good deal if you are eligible for the federal tax credit.
That’s about $7,000 less than the average new car sale price in the US.
I think that will help Tesla boost Model 3 sales, which have been lagging behind Model Y despite the recent refresh.
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When the $7,500 Federal EV tax credit expired September 30th, a number of carmakers leaped into action, offering rebates, price cuts, and promos of their own in a bid to keep the good times rolling. Now, it seems like even Rolls-Royce is getting in on the act with a fresh $5,000 rebate of its own for November.
CarScoops is reporting a rare lease incentive offering on the ultra-luxe Rolls-Royce Spectre electric coupe that it says, “replaces the expired $7,500 Federal EV tax credit.”
Granted, with the price of the base Spectre starting at $397,750 and climbing quickly to $467,750 for the Spectre Black Badge model, the big coupe is well above the old $80K cap and its buyers likely make far too much to qualify anyway — but if there’s one thing I’ve learned from my few brushes with Real Wealth™, it’s this: those hate paying taxes.
As such, it’s not that hard to imagine a Rolls-Royce salesperson explaining this in those terms. “This isn’t a discount or a sale or anything so gaudy,” he’d explain, dismissing any concern as petty as price. “We’re simply honoring the tax credit that you deserve.”
Rolling deep
The Rolls-Royce Spectre first rolled (Ha!) into showrooms in 2023 with a perfect sufficient 430 kW (577 hp) electric motor drawing energy from a stout, 120 kWh battery pack good for up to 265 miles (~425 km) of range. The Black Badge version bumps the horsepower to 650 (485 kW), but the purists will tell you that either number is enough.
You can find out more about Rolls-Royce’ EV leas deals, below, then let us know what you think about this sordid business of “discount dash” in the comments section at the bottom of the page.
SOURCE: CarScoops; images via Rolls-Royce.
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Germany is about to become home to Europe’s largest battery storage system – a massive 1 gigawatt (GW) / 4 gigawatt-hour (GWh) project in Jänschwalde, Brandenburg.
LEAG Clean Power GmbH and Fluence Energy GmbH, a subsidiary of US-based Fluence Energy (NASDAQ: FLNC), are teaming up to build the “GigaBattery Jänschwalde 1000.” The four-hour system will use Fluence’s Smartstack technology, its latest large-scale energy storage solution.
Once complete, Europe’s largest battery storage project will play a key role in stabilizing Germany’s grid and storing renewable power for when the sun isn’t shining and the wind isn’t blowing. It’s designed to deliver essential grid services, support energy trading, and boost energy security as the country phases out fossil fuels.
LEAG’s broader “GigawattFactory” plan combines solar and wind farms with flexible power plants and large-scale batteries across Germany’s Lusatian energy region. “By constructing gigascale storage facilities, we’re addressing one of the biggest challenges of the energy transition: ensuring constant power regardless of the availability of renewable energies,” said Adi Roesch, CEO of the LEAG Group.
Fluence CEO Julian Nebreda described the project as a “milestone for the energy future of Germany and Europe,” adding that it demonstrates how collaboration and cutting-edge technology can “transform the foundation of our economy and our everyday lives.”
The German government recently reaffirmed the importance of storage in building a secure and affordable clean power system. With this 4 GWh giant, LEAG and Fluence are implementing that priority in one of Europe’s most coal-heavy regions.
Read more: Battery boom: 5.6 GW of US energy storage added in Q2
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