- Some Tesla Cybertruck variations at the moment are eligible for the $7,500 federal tax credit score.
- The IRS lists the yet-to-be-available single-motor Rear-Wheel Drive trim.
- This implies the most cost effective Cybertruck will lastly go into manufacturing quickly.
The Tesla Cybertruck made an enormous splash when it debuted as a prototype in late 2019, thanks in no small half to the bold pricing technique. Again then, Tesla CEO Elon Musk mentioned the angular electrical pickup would begin at simply $39,900 for the bottom model with a single motor, whereas the top-tier tri-motor model would value lower than $70,000.
That by no means occurred, although. Now, the most cost effective Cybertruck is the dual-motor All-Wheel Drive trim, which begins at $79,990, whereas the tri-motor Cyberbeast is simply $10 shy of $100,000. Nonetheless, so far as the dual-motor model is anxious, it may now be had for roughly 10% much less because of tax credit.
That’s as a result of the Tesla Cybertruck is now formally eligible for the $7,500 federal tax credit score when buying. The up to date listing went on-line on FuelEconomy.gov on the primary day of 2025, and it contains the controversial truck for the primary time, in addition to different newcomers. We’ve got an up to date listing with all of the EVs and plug-in hybrids which are eligible for a tax credit score this 12 months, in addition to a listing of all of the EVs and PHEVs which are not eligible for the federal incentive when buying.
The tri-motor Cybertruck is just not eligible for the tax credit score as a result of it exceeds the $80,000 MSRP cap, however the dual-motor All-Wheel Drive model can profit from a $7,500 minimize if the credit score is utilized on the level of sale. Because of this the truck’s value successfully goes all the way down to $72,490 with out vacation spot and taxes. It’s nonetheless a far cry from the $49,900 that was marketed again in 2019, nevertheless it’s one thing.
What’s extra attention-grabbing is that the listing of eligible autos additionally contains the single-motor model of the Cybertruck, which isn’t but in manufacturing and can’t be ordered. The entry-level model was listed on Tesla’s web site with a beginning value of $60,990, however it was eliminated in August of final 12 months. We don’t know if the automobile will carry the identical value when it will definitely goes on sale, but when it does, its efficient value may go all the way down to $53,490 earlier than supply and taxes.
All of the Tesla fashions which are eligible for the federal tax credit score in 2025.
Picture by: InsideEVs
By comparability, the most cost effective retail-oriented Ford F-150 Lightning, the XLT, begins at $62,995 earlier than incentives and taxes. It, too, is eligible for the $7,500 tax credit score, however not like the rear-wheel-drive Cybertruck, the bottom F-150 Lightning comes with two electrical motors and an EPA-estimated vary of 240 miles. When deliveries of the Cybertruck started in late 2023, the single-motor model was estimated to ship 250 miles on a full cost.
To be eligible for the federal $7,500 tax credit score when buying an EV, the adjusted gross revenue (AGI) should not exceed $300,000 for married {couples} submitting collectively, $225,000 for heads of family and $150,000 for all different filers.
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