The US government confirmed the tax credit of as much as $7,500 for all variations of the Model 3 in an update on its website Tuesday. The change brings the total number of electric vehicle models eligible for the full tax credits to 22,

A dealer can apply the tax credit to any leased electric vehicle, no matter where it's made, to reduce a customer's monthly payment.

Until the end of 2022, the IRS offered a tax credit of up to $7,500 for qualifying plug-in vehicles. The size of the credit was based on battery capacity, and there was a provision to sunset the tax credit for a given manufacturer once it sold more than 200,

Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle. Last year’s Inflation Reduction Act provided a

Tesla Inc's rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal U.S. credits that, along with other tax breaks, could lower its price to less than a Toyota Camry.

All Tesla Model 3 sedans qualify for the federal tax credit, a change that has recently appeared on a government site tracking which EVs qualify for the incentives.