EV

Tesla Model 3 deliveries eligible for federal ZEV rebate surged in February

Tesla Model 3 Tokyo 2022 BB.jpg
Tesla reduced the price of the Model 3 to $54,990, before shipping on Jan 12 (BLOOMBERG)
March 20, 2023 07:00 PM
IZEV PROGRAM AT A GLANCE

The iZEV program provides a $5,000 rebate for BEVs, as well as PHEVs with electric range greater than 49 kilometres. PHEVs with less electric range qualify for $2,500.

The same eligibility criteria applies to both categories. Zero-emission passenger cars starting at less than $55,000, and higher-cost variants up to $65,000 qualify for the incentives. Larger vehicles such as pickups, minivans and SUVs must have a base price of less than $60,000, and higher-cost variants must start at less than $70,000. Higher-cost trim levels are not eligible.

Tesla Model 3 deliveries eligible for the Incentives for Zero-Emission Vehicles (iZEV) program surged in February, a month after the company slashed the price of the sedan, allowing it to once again qualify for the federal rebate.

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