(Reuters) – The Biden administration confirmed Tuesday that all Tesla (NASDAQ:TSLA) Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two versions saw credits fall in half.
In April, new battery sourcing rules went into effect that lowered the credit of the Model 3 Standard Range Rear Wheel Drive and Long Range All-Wheel Drive to $3,750. Tesla said last week on its website that all versions of the Model 3 again qualify for the full credit. The government confirmed the change on its fueleconomy.gov website.
