Tesla Cybertruck is now eligible for $7,500 tax credit, but for how long?
The current base version of the Tesla Cybertruck is now eligible for a $7,500 federal tax credit in the US.
It should help Tesla move some units amid the electric truck’s demand issues, but not for long as both CEO Elon Musk and President Donald Trump aim to kill the electric vehicle incentive.
When Tesla launched the production version of the Cybertruck in late 2023, it was much more expensive than initially announced. However, Tesla still managed to price the dual motor version just short of $80,000, which happens to be the price limit for an electric SUV or pickup truck to be eligible for the $7,500 federal tax credit.
The automaker first started to deliver the Foundation Series version of the Cybertruck, which starts at $20,000 more, and therefore, buyers didn’t have access to the credit.
However, Tesla started delivering $80,000 non-Foundation Series Cybertrucks in October 2024, but it wasn’t officially eligible for the tax credit for reasons that aren’t clear.
This has now changed.
With an update to the IRS website today, the Cybertruck Dual Motor and Single Motor, the latter is not in production yet, now can qualify for the $7,500 federal tax credit for electric vehicles:
It’s not clear why the Cybertruck wasn’t eligible until now. The government has requirements for a vehicle to be eligible beyond pricing, especially regarding the sourcing of parts and materials.
Cybertruck is the only Tesla vehicle using the automaker’s in-house manufactured battery cells. It’s possible that Tesla needed time to have to get approval for those cells.
Regardless, the tax credit should now help Tesla move more Cybertrucks, which was becoming more difficult, as we previously noted.
Tesla was having issues selling the Cybertruck in the US and even started to buff out Foundation Series badges to sell them as regular Cybertrucks and homologate trucks intended for the US market for Canada.
However, it’s unclear how much the tax credit will help.
The eligibility requirements are not just for the vehicles, but there are also some for the buyers. Single tax filers can’t earn more than $150,000, and $300,000 for dual filers, and higher income people tend to be the ones to buy luxury vehicles like these.
Also, there’s the question of how long the tax credit will be available.
The incoming Trump administration, which is backed by Tesla CEO Elon Musk, has made clear that they want to remove the EV tax credit. However, they will need Congress’ approval, and it’s unclear how fast that can happen and if there will be a phase-out period or not.
Electrek’s Take
While I am seriously against removing EV incentives while the US is still far behind the rest of the world in EV adoption, I do believe that the sentiment of urgency should help Tesla here.
I am sure that some people were waiting for Cybertruck’s eligibility for the tax credit, but it’s hard to estimate how significant this buyer group is currently.
I could see some eligible people waiting for the base version preferring to buy a dual motor with tax credit rather than risk not having access to the tax credit by the time the single motor version becomes available.
Between the referral credit and the tax credit, the Cybertruck now starts really close to $70,000.
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The BYD “Shenzhen” set sail on its first voyage overseas this week. With 9,200 parking spots, or about enough to fill 20 football fields, BYD’s new car transport ship is now the world’s largest.
BYD’s largest car carrier sets sail for Brazil
BYD’s Shenzhen is on its maiden voyage to Brazil after setting sail on April 27. The vessel is carrying over 7,000 new energy vehicles (NEVs), including electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs). It’s the largest single batch of NEVs exported from China so far.
The new vessel is BYD’s fourth car transport ship and the world’s largest, capable of carrying 9,000 vehicles. According to the company, that’s enough to fill about 20 football fields.
BYD launched its first car carrier, the Explorer No 1, in January 2024. It has already completed several trips to Germany, Spain, and Brazil.
Its second, the BYD Changzhou, set sail in December 2024, followed by the Hefei earlier this year. All three vessels can carry up to 7,000 vehicles, making the Shenzhen the largest so far.
The Shenzhen is named after the automaker’s hometown and demonstrates “BYD’s firm determination to promote sustainable development in Brazil.”
BYD is preparing to launch two more vessels, the Changsha and Xi’an. The Changsha is expected to launch soon, while the Xi’an was introduced on April 2.
The new car carriers will help accelerate BYD’s aggressive overseas expansion. In the first three months of 2025, the company sold over 206,000 NEVs overseas, more than double the number it sold last year.
BYD sells a wide range of vehicles in Brazil, including the low-cost Dolphin Mini, starting at around $20,000 (99,800 BRL). In October, it launched its first hybrid pickup truck, the Shark, starting at 379,800 BTL ($66,900).
Brazil is only one overseas market that BYD is targeting. BYD’s sales are expected to double in Europe in 2025, with significant growth in other key regions like Southeast Asia, Japan, Mexico, and South Korea, to name a few.
Source: BYD
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‘Tesla homes’ in a Houston neighborhood where all the homes have Tesla solar roofs and Powerwalls went for sale.
7 out of the 11 homes have reportedly already sold.
Tesla neighborhood is a term that is being used for new developments where all the homes integrate all or part of Tesla’s power ecosystem, including the Powerwall home battery pack.
The best example is a giant new development project in Austin, Texas, by Brookfield Asset Management and Dacra in which up to 12,000 new homes are to be built and offering Tesla solar roofs and Powerwalls.
However, since the announcement, it looks like only some of the homes in the new neighborhood have Tesla energy systems.
In 2022, Tesla also announced a similar project in Las Vegas.
A year later, the company claimed to have deployed “over 600 solar neighborhoods” worldwide, with a total capacity exceeding 100 MW.
One such ‘Tesla neighborhood’ is a small block of 11 townhouse homes featuring Tesla solar roofs and Powerwalls in Houston, Texas.
The homes were recently completed and went on sale, starting at $544,900.
Here are some pictures from the listings:
Utopia Homes, the developer behind the project, described the properties (via Chron):
Step into modern elegance expertly crafted by Utopia Homes. This property showcases groundbreaking Tesla Solar Roof Shingles and Power Wall technology, ensuring 100% energy security and eliminating electric bills for a truly sustainable lifestyle.
The house has proved popular according to the real estate agents, with 7 out of 11 homes already sold.
As we recently reported, Tesla’s solar roofs have proven to be a more expensive and niche product than the company previously presented.
Tesla has largely stopped discussing it, but it is still being deployed through some third-party installers, such as in this case, on new homes.
However, its Powerwall product remains a very popular solution for homeowners seeking greater energy independence and protection against outages, which have been a frequent problem in Texas.
More homeowners are turning to generators, and alternatives like home battery packs are gaining popularity.
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Canadian electric propulsion specialist Vision Marine continues to graduate beyond advanced outboard motors into a provider of all-electric boats. This month, Vision introduced two new electric pontoon boats – the 12-passenger V24 and 15-passenger V30, each capable of a range up to 90 nautical miles.
Vision Marine Technologies ($VMAR) is a Canadian technology company with over 25 years of experience in the marine industry. The company made waves (literally) by introducing its E-Motion turnkey powertrain system, which it has since integrated into a catamaran speedboat, which set a speed record of 109 mph in 2022.
Since then, Vision has introduced six hp two-cruiser vessels – the Fantail 217 and Volt 180, each capable of transporting 10 passengers via its E-Motion technology. Most recently, Vision Marine has integrated the full power of its 180 hp electric powertrain technology into two additional vessels, both electric pontoon boats.
Earlier this month, the company officially began sales of the Vision V24 and V30, which you can view below.
Vision Marine brings power and range to electric pontoons
According to Vision Marine Technologies, orders for its two new electric pontoon boats are now open, and they are touting the same E-Motion technology that put the company on the map a few years ago.
The first model is the V24, a 12-passenger electric pontoon that is 24′ 8″ in length and has 180 hp. The ultra-quiet E-Motion powertrain is powered by a standard 43 kWh marine battery pack, offering 40 nautical miles (46 miles) of all-electric range on a single charge. For added range, Vision sells a version of the electric pontoon with a second battery pack, totaling 86 kWh and delivering up to 90 nautical miles (104 miles) of range.
While the V24 offers more of a classic attempt at the pontoon boat, Vision’s additional new vessel, the all-electric V30, is a tad sportier and provides room for more passengers aboard (15). This 30′ vessel features the same E-Motion powertrain options, complete with the same two battery configurations to offer the same ranges as the V24.
However, the V30 has additional features such as 4 x 6.5″ interior speakers and cool-touch seats. Both models feature an integrated onboard charger that supports both 120- 240V (30 to 50 amps) for seamless charging, no matter the dock plug while moored.
The Vision V24 starts at $99,995 for the standard battery pack version, while the V30 starts at a higher price of $139,995. As previously mentioned, both electric pontoon boats are available to order today.
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