As of early 2025, the Tesla Cybertruck has become eligible for up to $7,500 in federal EV tax credits in the United States for the first time. This development applies to the current base version of the Cybertruck, which now qualifies for this significant incentive. Here are some key points:
- Eligible Models: The dual motor and the forthcoming single motor versions of the Cybertruck are now listed as qualifying for the full $7,500 federal tax credit. However, the Cyberbeast, due to its higher price point, does not qualify as its MSRP exceeds the $80,000 limit set by the IRS for vehicles to be eligible for this credit.
- Price Impact: With the tax credit, the starting price for qualifying Cybertruck models could be reduced substantially, making the vehicle more appealing to potential buyers. Posts on X have highlighted that with state incentives and referral discounts, the price can approach the original launch event pricing for top-tier models.
- Timing and Delivery: This eligibility comes at a time when Tesla has been dealing with demand issues for the Cybertruck. The tax credit could help stimulate sales, especially as Tesla has now started delivering non-Foundation Series Cybertrucks which fall under the price threshold necessary for the tax credit.
- Regulatory Requirements: The Cybertruck’s qualification likely stems from Tesla’s adjustment in battery sourcing or assembly, aligning with the IRS’s increasingly stringent rules on battery components and materials. The Cybertruck uses Tesla’s in-house manufactured 4680 battery cells, which might have required specific approvals or adjustments to meet the criteria for tax credit eligibility.
- Political and Market Context: There’s been mention in posts on X and web articles about potential changes in EV incentives under different administrations, which could affect the longevity of this credit. This has added urgency for buyers to take advantage of the current incentives.
- Consumer Considerations: Buyers should note that this credit applies at the point of sale, effectively reducing the purchase price directly, which is a significant shift from previous years when the credit was only applicable as a tax deduction at the end of the year.
This information reflects the situation as of January 2, 2025, based on the available web results and posts on X, suggesting a positive development for potential Cybertruck buyers.
Tesla’s $TSLA Cybertruck now qualifies for up to $7,500 in US tax credits for the first time.