Source: Gasgoo
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According to foreign media reports, Tesla’s recently launched Cybertruck electric pickup truck has entered the U.S. electric vehicle tax credit list.
Information released by the U.S. Department of Energy shows that based on IRS data through December 7, 2023, two versions of the Cybertruck have made it onto the list for the full $7,500 credit, the all-wheel-drive version and the top-of-the-line three-motor Cyberbeast version. The rear-wheel-drive version, which is not yet available, is scheduled to launch in 2025, so the availability of the tax credit may become clearer later.
However, just because it’s on the list doesn’t mean the car will be eligible for the tax credit. U.S. regulations state that only electric pickup trucks priced up to $80,000 are eligible for the incentive, and that’s the most critical factor, as none of the Cybertrucks currently sold by Tesla meet that requirement.
Image source: Tesla
Tesla’s website shows that the Cybertruck Cyberbeast, the first Cybertruck to go on sale, has a starting price of $99,900, while the AWD version of the Cybertruck starts at $79,990, making the latter theoretically eligible for the incentive. But Tesla says deliveries of the AWD Cybertruck won’t begin until 2024. That means consumers who buy the Cybertruck this year won’t be able to get the full credit.
Expected prices for each version of the Tesla Cybertruck:
Rear-wheel drive: $60,990,000 (available in 2025)
All-wheel drive version: $79,990,000 (available in 2024)
Cyberbeast version: $99,990,000 (available late 2023)
An interesting note is that the Cyberbeast, which sells for significantly more than the price cap, is listed by the IRS, but the Model X Plaid, which is just as expensive, doesn’t make the cut along with the lower-priced all-wheel-drive, long-range version of the Model X.
It’s worth noting that the U.S. electric vehicle tax credit system is set to change next January, when new rules regarding the sourcing of battery materials go into effect, so we’ll have to wait and see if the Cybertruck and other all-electric models will remain eligible for the tax credit at that point.
