2025 Cybertruck now listed as eligible for $7500 federal tax credit

[Startreknerd]

Commander Sela and the Tal Shiar would have you working in a dilithium mine for that unapproved luxury!

The trick is smuggling out fresh targ bacon from Qo'noS.

Ok now I'm hungry.

Sponsored

 

[Crissa]

Well, it costs less (for the lower trims). And it can use all the same toolboxes, racks, and other work accessories as an ICE F-150. The large frunk with power outlets seems particularly popular as a secure and convenient place for storing/charging tools.

Because it's a lot cheaper, compatible with the ICE 150 racks, boxes and liftgtes.

Not all of them. Some of them. And not the liftgates, not the front end, Mostly ones the Cybertruck could also use. Racks, no, but racks are barely shared between models, let alone manufacturers.

That's an individual case, though.

Both have a frunk. The cheapest model of Lightning doesn't have all the outlets or power.

-Crissa

 

[Startreknerd]

Not all of them. Some of them. And not the liftgates, not the front end, Mostly ones the Cybertruck could also use. Racks, no, but racks are barely shared between models, let alone manufacturers.

That's an individual case, though.

Both have a frunk. The cheapest model of Lightning doesn't have all the outlets or power.

-Crissa

Again, yes:

https://www.tommygate.com/liftgate-...-maintenance/ev-test-on-2022-ford-lightening/

And, yes:

https://decked.com/products/drawers...product_sync&utm_source=google&utm_medium=cpc

 

[mongo]

For example, now you can claim the credit at the point of sale, so the $7,500 is an instant discount. I don't think that's required by law; it used to be that you couldn't claim the credit until you filed your taxes. The Biden administration made it easier to get the credit; the Trump administration could make it harder again.

That's because the law said point of sale wouldn't start until 2024. Administration had zero to do with it other than Treasury implementing the law (late).

(4) TRANSFER OF CREDIT.—The amendments made by subsection (g) shall apply to vehicles placed in service after December 31, 2023

It does directly call out point of sale credit transfer.

(g) TRANSFER OF CREDIT.— ‘‘(1) IN GENERAL.—Subject to such regulations or other guidance as the Secretary determines necessary, if the taxpayer who acquires a new clean vehicle elects the application of this subsection with respect to such vehicle, the credit which would (but for this subsection) be allowed to such taxpayer with respect to such vehicle shall be allowed to the eligible entity specified in such election (and not to such taxpayer).
...

I've also heard that the law doesn't actually mention leases. The Biden administration interpreted the law as including leases; the Trump administration could interpret it differently.

The law specifically calls out leases, but it's a different section/ credit (45W). that the consumer version (30D)

QUALIFIED COMMERCIAL CLEAN VEHICLE.—For purposes of this section, the term ‘qualified commercial clean vehicle’ means any vehicle which— ‘‘(1) meets the requirements of section 30D(d)(1)(C) and is acquired for use or lease by the taxpayer and not for resale

 

[TARSinDE]

What are the odds this was intentional to boost sales after all the end of year deals ended?

Bought mine and took delivery on Dec 24th. So yeah, sounds about right. *facepalm*

 

[sirozha]

This could get interesting.

If Tesla starts offering 2025 Cybertrucks with the $7,500 tax credit, then any remaining 2024s (which aren't eligible for that credit) will become unsellable. Why buy a 2024, when the 2025 is both newer and $7,500 cheaper?

So Tesla has to clear out any 2024s in inventory before they start offering 2025s with the tax credit. But what if they still have a lot of 2024s in inventory? Certain outside analysts suspect that this is the case. We know for a fact that Tesla is still trying to move 2024 Foundation Series CTs, months after the non-Foundation CTs were introduced.

There is a real possibility that CT sales could stall in January. There's now an obvious incentive for prospective customers to put their CT purchase on hold until the 2025s (with that sweet $7,500 discount) are available. But that can't happen until other customers step up and buy the remaining 2024s (without the sweet discount). Who wants to volunteer?

Would not be surprising to see new discounts or incentives on 2024 CTs. For example, customers might not miss the $7,500 tax credit if Tesla offered its own $7,500 discount. Or maybe Tesla could extend the free lifetime Supercharging offer, which is currently only offered on 2024 FS, to 2024 non-FS.

Alternatively, the whole issue becomes moot if the incoming administration revokes the $7,500 EV tax credit, which is also a real possibility.

This is easily solvable. Free FSD and free supercharging will sell the 2024 backlog.

 

[MSL2]

This is easily solvable. Free FSD and free supercharging will sell the 2024 backlog.

Or special financing. Doesn't even have to be 0%, maybe 1.99%. If you do the math you will save more money with low financing than the $7500 tax credit. Obviously depends on how much you finance but for most this probably holds true.

Tesla is pretty creative with stuff like this, they'll think of something to move them.

 

[cbr1000]

Seems like the solution is 2025's need to be available versus how to get rid of 2024's. In my area there are no 24's AWD versions in stock.

I know there's a bunch of posts about how many a drone saw at giga Texas, or there's 50 in some parking lot somewhere. In my world there's not a massive surplus of Cybertrucks sitting around waiting to be bought.

I'm guessing the 25's will be available soon.

 

[Mini2nut]

Tesla can throw all type of incentives at unsold 2024 models.

Free FSD, offer "secret" discounts, free supercharging for a limited time, accessory vouchers, complimentary extended factory warranty, etc.

 

[DocB]

What's a long term hold? I'm in the same boat. They assigned a 2025 VIN to me that doesn't qualify for the tax credit, yet it's for a base AWD with an MSRP just under the $80k limit.

Apparently it was used for a FS and as of Dec 31st it's no longer an option. Interesting.

 

[YDR37]

Tesla can throw all type of incentives at unsold 2024 models.

Free FSD, offer "secret" discounts, free supercharging for a limited time, accessory vouchers, complimentary extended factory warranty, etc.

You’re right, they totally could. Tesla could offer a variety of creative incentives or discounts to help customers buy 2024s. And then they could offer info and assistance to help customers claim the $7,500 tax credit for 2025s.

The interesting thing is that so far, Tesla seems to have opted for a different strategy: do nothing.

The 2025 Cybertruck tax credit appeared on the IRS website on January 2. And it was headline news at this forum, and everywhere else in the EV community, with one exception: Tesla.

Tesla must have known this change was coming, and they had plenty of time to prepare a response. But as far as I can tell, nothing at all has changed at tesla.com. The Cybertruck tax credit didn’t even rate a mention in Tesla’s X/Twitter feeds.

I can’t explain why Tesla is treating the Cybertruck tax credit like a non-event. Unless maybe Tesla knows something about it that we don’t?

 

[Startreknerd]

You’re right, they totally could. Tesla could offer a variety of creative incentives or discounts to help customers buy 2024s. And then they could offer info and assistance to help customers claim the $7,500 tax credit for 2025s.

The interesting thing is that so far, Tesla seems to have opted for a different strategy: do nothing.

The 2025 Cybertruck tax credit appeared on the IRS website on January 2. And it was headline news at this forum, and everywhere else in the EV community, with one exception: Tesla.

Tesla must have known this change was coming, and they had plenty of time to prepare a response. But as far as I can tell, nothing at all has changed at tesla.com. The Cybertruck tax credit didn’t even rate a mention in Tesla’s X/Twitter feeds.

I can’t explain why Tesla is treating the Cybertruck tax credit like a non-event. Unless maybe Tesla knows something about it that we don’t?

It would increasingly difficult to sell the rest of the '24s with an informed customer.

So they will wait until the '24s are gone then tell people about the federal credit '25s.

Either that, or they received IRS acceptance prior to a change of suppliers, which would now disqualify the battery component portion reducing the credit to $3750.

 

[tylerthehuman]

Either that, or they received IRS acceptance prior to a change of suppliers, which would now disqualify the battery component portion reducing the credit to $3750.

how do we know its the battery for sure? and if it is, why isnt it already $3750?

 

[Startreknerd]

how do we know its the battery for sure? and if it is, why isnt it already $3750?

It's either $7500 or $3750.

The first gate is $3750 for battery assembled in the US (this is definitely the case for all Tesla packs). The second gate is $3750 for 60% minerals sourced from N.A.

They can only get the battery minerals second gate if the first gate made in the US gate is achieved.

If they source form N.A. but ship it outside N.A. to be assembled then shipped back here then of course they don't get anything, as well as that not making any sense.

 

[tylerthehuman]

none foundation cybers appearing in inventory now. no price changes on any of them.

https://www.tesla.com/inventory/new/ct

Sponsored