Tesla Cybertruck Becomes Eligible for $7,500 Federal EV Tax Credit

Dual and single motor variants now qualify under updated IRS guidelines, but the credit's future is uncertain.

The Tesla Cybertruck's dual motor variant, priced at $79,990, now qualifies for the $7,500 federal EV tax credit, with the single motor variant also eligible upon its future release.
The eligibility stems from updated IRS guidelines, although the exact reasons for the previous ineligibility remain unclear, potentially linked to battery sourcing requirements.
The tax credit lowers the effective starting price of the dual motor Cybertruck to $72,490 for qualifying buyers, while the single motor version would cost $53,490 after the credit.
The future of the EV tax credit is uncertain as President-elect Donald Trump has expressed intentions to eliminate it, a move supported by Tesla CEO Elon Musk.
The credit's income restrictions and potential phase-out could limit its impact, but it is expected to provide a short-term boost to Cybertruck sales.