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Teslas Now Appear Eligible For $4,000 Used EV Tax Credit

Tesla Inc. IRS EPA Honda

The used electric car tax credit was a monumental addition to the Inflation Reduction Act. Worth up to $4,000, the credit is applicable for used EVs, PHEVs, and FCEVs selling for under $25,000. However, there was an issue. Used Teslas were never on the Internal Revenue Service's (IRS) qualification list.

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Top stories on inkl right now

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

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Gunman opens fire from car in Trappes and Verrière, killing one and injuring five others, including a 12-year-old girl

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Rep. David Valadao voted to slash Medicaid, giving Democratic challenger Randy Villegas an opening as voters focus on affordability and health care access.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

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The resignation comes after the release of bodycam footage that raised questions about the police's handling of the incident.

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