Tesla Model 3 Qualifies for $7,500 Tax Credit With Lowered Battery Costs

All variations of Tesla's Model 3 electric vehicle are now eligible for the full $7,500 US tax credit according to changes from the US Treasury Department.
The new eligibility comes after Tesla lowered the cost of Model 3 batteries, allowing the model to qualify under new requirements.
The lower battery costs and tax credits allow the Model 3 to sell for less than a comparable Toyota Camry in California.
electric vehicle models now qualify for the full $7,500 tax credit, giving consumers more affordable zero-emissions options.
The changes do not apply to Tesla's Model S and Model X vehicles.