Tesla No Longer On California EV Rebate List Due To Price Increase
Tesla vehicles are no longer eligible for rebates in California following the company's recent price hikes. The report comes a couple of weeks after the company raised the prices of all its EV models by up to $10,000, citing increased input costs following the Russian invasion of Ukraine. This was the second time the company had raised prices of its entire range within less than a month, having increased the prices of each model in its lineup by $1,000 just a few days earlier.
Tesla is one of the leading names in the world of electric vehicles (EV), offering a range that includes the Model 3, Model Y, Model S and Model X. The company has also announced many other products that are expected to be launched in the coming years, including the Tesla Roadster, the Tesla Semi and the Tesla Cybertruck, which remains a no-show nearly two and a half years after its original unveiling.
Related: $25,000 Tesla: A Reality Or Nothing More Than An EV Pipe Dream?
The Tesla Model 3 and Model Y are among the most popular EVs in the U.S. They've been enjoying sizeable rebates in California as part of the state's Clean Vehicle Rebate Project (CVRP). However, after the multiple price hikes this year, including the hefty increase earlier this month, both vehicles are now beyond the threshold for California's subsidized EV pricing. As explained by the official CVRP website, the rebate applies to electric cars with an MSRP of up to $45,000, while for SUVs, trucks and vans, the cap is currently set at $60,000.
Following the latest price hikes, the cheapest version of the Model 3 sedan now costs $46,990 (before taxes), up from $44,990, while the base version of the Model Y crossover is priced at $62,990 before taxes. Prices go up even higher for
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