Brand New Model Y for $39,630 plus tax for California.

[dystien]

$54,630 - $7,500 Clean Vehicle Rebate - $7,500 Federal Tax Credit = $39,630 plus tax, title, and license. Could somebody give some thoughts or insight on this?

Summary of February 28, 2023 updates:

Applications must be submitted within 90 calendar days of purchase or lease to be eligible for a rebate. Previously this was stated as 3 months.

In addition to the standard CVRP rebate, consumers with household income less than or equal to 400 percent of the federal poverty level are eligible for an increased rebate amount of $5,500 (previously $2,500) for BEVs and PHEVs, and $3,000 (previously $2,500) for FCEVs. This amounts to:

$7,500 for fuel cell electric vehicles (previously $7,000)
$7,500 for battery-electric vehicles (previously $4,500)
$6,500 for plug-in hybrid vehicles (previously $3,500)

 

[Fusion]

I thought it stated that Tesla's are no longer qualified? Did they add them back?

 

[thesmokingman]

Where's your source on this OP?

 

[dystien]

How often do CVRP program requirements change? | Clean Vehicle Rebate Project

CVRP’s Terms and Conditions and Implementation Manual are updated every six months to accommodate operational process changes. Both the Terms and Conditions and Implementation Manual in place at the time of application will determine an applicant’s eligibility for the program. Changes to these...

cleanvehiclerebate.org

 

[Jasonx82]

Wondering IF someone even qualified for the income cap for the increased $7500 CVRP Rebate. Would they even have enough tax liability to benefit from the 7500 Fed tax credit?

 

[house9]

$54,630 - $7,500 Clean Vehicle Rebate - $7,500 Federal Tax Credit = $39,630 plus tax, title, and license. Could somebody give some thoughts or insight on this?

CVRP have not updated their documentation since the Telsa price drop.

> Based on CVRP vehicle eligibility requirements, any Tesla Model 3 or Model Y that was ordered on or after March 16, 2022, is not eligible for a CVRP rebate.


- Can I apply for a rebate for my Tesla Model 3 or Tesla Model Y? | Clean Vehicle Rebate Project

But I assume the following still apply and they will update their documentation soon?

> CVRP-eligible Cars (per EPA Vehicle Class) have a maximum manufacturer’s suggested retail price (MSRP) of $45,000*.

> CVRP-eligible SUVs, trucks, and vans (per EPA Vehicle Class) have a maximum manufacturer’s suggested retail price of $60,000.

Model 3 RWD ($43,990) and Model Y LR 7-seater ($56,990) are the only Telsa vehicle that falls under these MSRP prices, potentially the Model Y 5-seater could qualify CVRP if California classifies SUV differently than the IRS, that would be strange though.

> ...by offering rebates from $1,000 to $7,000 for the purchase or lease of new, eligible zero-emission vehicles

I would guess the rebate (if any) would be at the lower end of this range.
.

 

[dm33]

Income limit still applies.

Prior to February 24,2022	$150,000 for single filers $204,000 for head-of-household $300,000 for joint filers
On/after February 24, 2022	$135,000 for single filers $175,000 for head-of-household $200,000 for joint filers

 

[E46M3]

CVRP have not updated their documentation since the Telsa price drop.

> Based on CVRP vehicle eligibility requirements, any Tesla Model 3 or Model Y that was ordered on or after March 16, 2022, is not eligible for a CVRP rebate.


- Can I apply for a rebate for my Tesla Model 3 or Tesla Model Y? | Clean Vehicle Rebate Project

But I assume the following still apply and they will update their documentation soon?

> CVRP-eligible Cars (per EPA Vehicle Class) have a maximum manufacturer’s suggested retail price (MSRP) of $45,000*.

> CVRP-eligible SUVs, trucks, and vans (per EPA Vehicle Class) have a maximum manufacturer’s suggested retail price of $60,000.

Model 3 RWD ($43,990) and Model Y LR 7-seater ($56,990) are the only Telsa vehicle that falls under these MSRP prices, potentially the Model Y 5-seater could qualify CVRP if California classifies SUV differently than the IRS, that would be strange though.

> ...by offering rebates from $1,000 to $7,000 for the purchase or lease of new, eligible zero-emission vehicles

I would guess the rebate (if any) would be at the lower end of this range.
.

if you're income is that low that qualifies you for the $7500 CVRP rebate, will you be paying enough taxes to fully take advantage of the fed rebate and CVRP?

 

[ucmndd]

So a family of four would need to make at least ~$70k to have enough federal tax liability to get the full $7500 credit but less than $111,000 to qualify for the full $7500 low-income California rebate.

Assuming the Model Y is re-added to the eligibility list at some point.

Pretty small eligibility window.

 

[MSB1102]

CVRP have not updated their documentation since the Telsa price drop.

> Based on CVRP vehicle eligibility requirements, any Tesla Model 3 or Model Y that was ordered on or after March 16, 2022, is not eligible for a CVRP rebate.


- Can I apply for a rebate for my Tesla Model 3 or Tesla Model Y? | Clean Vehicle Rebate Project

But I assume the following still apply and they will update their documentation soon?

> CVRP-eligible Cars (per EPA Vehicle Class) have a maximum manufacturer’s suggested retail price (MSRP) of $45,000*.

> CVRP-eligible SUVs, trucks, and vans (per EPA Vehicle Class) have a maximum manufacturer’s suggested retail price of $60,000.

Model 3 RWD ($43,990) and Model Y LR 7-seater ($56,990) are the only Telsa vehicle that falls under these MSRP prices, potentially the Model Y 5-seater could qualify CVRP if California classifies SUV differently than the IRS, that would be strange though.

> ...by offering rebates from $1,000 to $7,000 for the purchase or lease of new, eligible zero-emission vehicles

I would guess the rebate (if any) would be at the lower end of this range.
.

State of California and Feds aren’t in sync often. If you take a look at the eligibility list, the CVRP website lists the 2023 Mach-E as eligible and that vehicle only has 5 seats and has a starting MSRP of 46k. Basically the same vehicle as model Y size wise. If one is classified as an suv, they both should be.