Cybertruck Joins the List: Now Eligible for $7,500 Federal EV Tax Credit

Wednesday, January 1, 2025, updated at 9:36 AM

Cybertruck now officially qualifies for the full $7,500 Fed EV credit

In a move that could redefine the EV market yet again, Tesla’s Cybertruck now qualifies for the full $7,500 Federal EV Tax Credit in the United States. For anyone keeping tabs on this revolutionary truck—and I’ve been following it closely since its dramatic unveiling in 2019—this is a significant milestone.

Cybertruck: A Price Drop That Makes a Statement

The Cybertruck’s unique design and utility already turned heads, but with its hefty $80,000 price tag, many prospective buyers were understandably hesitant. Thanks to the federal tax credit, eligible buyers can now bring the cost down to $72,490. That’s no small savings, especially for a vehicle that promises to redefine what an electric truck can do.

And let’s be honest—this isn’t just a “truck.” It’s a statement on wheels, a bold leap into the future. Tesla’s Cybertruck, with its stainless-steel exterior and utilitarian charm, may finally be within reach for more drivers, thanks to this financial incentive.

Tesla’s Full EV Lineup: What Qualifies?

While the Cybertruck’s inclusion is big news, it’s not the only Tesla benefitting from this federal program. Here’s a quick glance at other qualifying models and their starting prices before the credit:

• Model 3 Long Range AWD: $55,000

• Model 3 Performance: $55,000

• Model Y Long Range AWD: $80,000

• Model X AWD: $80,000

• Cybertruck Dual Motor: $80,000

• Cybertruck Single Motor: $80,000

These credits are an enormous boon to anyone eyeing Tesla’s lineup, especially with high interest in both the Cybertruck and Model 3.

Why This Matters

I’ve seen EVs rise from a niche curiosity to a full-on automotive revolution. But one barrier has always remained: price. This tax credit isn’t just about making EVs more affordable—it’s about breaking down that barrier and accelerating adoption.

The Cybertruck’s qualification couldn’t come at a better time. As the EV landscape grows increasingly competitive, Tesla is doubling down on making its products accessible. This tax credit, combined with Tesla’s relentless innovation, positions the Cybertruck as a serious contender not just among EVs but across the entire truck market.

What You Should Know

Before you rush to place an order, remember the tax credit has eligibility criteria, including income limits. Make sure you consult a tax advisor to confirm you qualify. And for those of you thinking about upgrading to a Tesla, you’ve got options beyond the Cybertruck. With so many vehicles qualifying for this program, the savings are hard to ignore.

The Bottom Line

The Cybertruck isn’t just a truck—it’s a conversation starter, a bold new chapter in Tesla’s legacy, and now, thanks to this tax credit, a bit more accessible for everyday drivers.