The Tesla Model Y (5 seater) is not an SUV according to the US federal Inflation Reduction Act guidelines
By 2030 most of the emissions cuts are expected to come from the power and transportation sectors based on the government's most recent guidance, but the Inflation Reduction Act (IRA) favors hybrid gas vehicles over fully electric EVs like Tesla Model Y
“The Biden Administration's Inflation Reduction Act (IRA) has foolishly provided the full $7,500 credit for the gas Hybrid SUVs. This leaves consumers of Tesla Model Y with empty hands”
Hybrid gas cars get tax credit not Tesla Model Y
The following table shows some of the hybrid SUV 5 seater gas vehicles that will get the full IRA credit of $7.500, even though they have small batteries and emit gas emissions. The Tesla Model Y (5 seater), a pure Electric Vehicle, which has zero emissions, and gets the most range, does not get any IRA EV tax credit.
In order to get the Inflation Reduction Act $7,500 tax credit, vehicles designated as vans, trucks and SUVs have a price cap of costing $80k. If a vehicle isn't a truck, van, or SUV, it's categorized as "other," and has a $55,000 price cap. For some obscure reason, the Tesla Model Y (5 seater) has erroneously been categorized as "other" and will not be getting the IRA $7,500 credit.
Help Tesla Model Y Consumers
There is a petition at Change.org that you can sigh to fix the Inflation Reduction Act (IRA) so it designates the Tesla Model Y (5 seater) as an SUV. Currently over 22K people have signed the petition. Go here to help make this right.
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