Tesla recently announced that they were raising the prices of their Model Y electric SUV after the federal government expanded their electric vehicle tax credit program. The increase in pricing is a direct result of the new tax credit program, which will provide up to $7,500 in tax credits for qualified purchases.
Tesla’s Model Y was previously priced at $48,000 before the tax credit program, but with the new program in place, the price has been raised to $50,500. This is still significantly lower than the pre-tax credit price, as the federal tax credit program provides up to $7,500 in credits for qualified purchases.
In addition to the new tax credit program, Tesla has also announced that they will be offering additional incentives in order to encourage more people to purchase the Model Y. These incentives include free Supercharging for the life of the vehicle and 0% APR financing for up to 66 months.
Tesla is hoping that the new tax credit program combined with their incentives will help to encourage more people to purchase the Model Y. The company is also hoping that the new program will help to increase their sales numbers, as electric vehicles have become increasingly popular in recent years.
The federal tax credit program is set to expire at the end of this year, so Tesla is looking to capitalize on the opportunity by offering discounts and incentives to encourage more people to purchase their vehicles. Tesla is hoping that the new tax credit program combined with their incentives will help to make electric vehicles more accessible to the public.