Why Tesla’s Model Y might not be eligible for the new EV tax credit

An assembly line of Model Y vehicles being built at the Texas Gigafactory. | Photo by Loren Grush / The Verge

If you were waiting until after New Year to pick up a Tesla Model Y in hopes it’d qualify you for the new federal tax credit, you might be in for a disappointment. The IRS released a 2023 list of vehicles that qualify for the new $7,500 incentive, and while Tesla’s popular hatchback is on it, the most common five-seater versions won’t be eligible.

According to federal specifications, the five-seater Model Y Long Range isn’t co...

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