Some may question whether the government needs to be subsidizing the price of two cars which are already the best-selling ones in the state.
Tesla models full#
The Tesla Model 3 and Model Y both currently qualify for the full federal EV tax credit after recent price drops and a change in IRS guidance which raised that credit’s MSRP cap to $80,000 for the Model Y. CARB hosts an FAQ about the program if you have any other questions. So low-income buyers get increased rebates, and high-income buyers get no rebate at all. Other limitations apply, such as an income limit of $135,000 for single filers and $200,000 for joint filers. For those buyers, the current total rebate is $4,500, though that is separately slated to raise to $7,500 on February 28. The standard rebate for both vehicles is $2,000, though every vehicle can also qualify for an “increased rebate” for lower-income buyers, defined as 400% of the federal poverty level.
Tesla models registration#
So if that’s you, then don’t wait – the clock starts from your registration date, not from today. The CVRP website has a topic specifically about the Tesla Model 3 and Model Y, stating that vehicles ordered on or after January 12 (the day of the price drops) can still apply for a rebate within 90 days of registering the vehicle. This change is somewhat retroactive, as well. However, it looks like Tesla applied and was accepted now, as California has now updated the CVRP website to officially add Tesla’s best-selling offerings (and the two best-selling cars in California) back into eligibility for the program after last month’s price drops.
We checked two weeks ago and they were still not included on the site, even after last month’s price drops, as Tesla had not yet re-applied for eligibility for the program. Tesla vehicles previously qualified for rebates under this program, but between continuous price hikes over the past couple years and new MSRP limitations on California’s rebate program, they had been ineligible since Mawhen Tesla raised MSRP beyond the price caps. It has been modified multiple times to add criteria, one of which is a limitation on the purchase price of the vehicle.Ĭurrently, that limitation stands at a base MSRP of $45,000 for cars and $60,000 for “large vehicles” (SUVs, minivans and pickups). The money comes from the California Air Resources Board which gets much of its funding from California’s cap-and-trade program. The Tesla Model Y and Model 3, California’s #1 and #2 best-selling vehicles, are once again eligible for California’s $2,000 electric car rebate after steep price drops last month which bring them back under the MSRP cap for eligibility.Ĭalifornia’s Clean Vehicle Rebate Program has issued over a billion dollars in total rebates since the inception of the program.
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