Originally published in the Tesla Oracle&EV attachment.
While the affordable $25,000 Tesla is still a dream for some people, it may not be the case for some residents who know California. Geography is the key here. Because of its proper location in California (and qualifying), you can actually buy a Model 3 for approximately $25,000. Hey, why wait a few years for a compact Tesla that sells for $25,000, and you can buy a larger, more luxurious Model 3 at that price now?
|Photography: Zach Shahan, CleanTechnica|
Even though the federal tax credit for Tesla has been eliminated, California still offers a large number of incentives to greatly reduce the price of Tesla (or any other electric car). These measures include tax credit programs and cash back.
There are other states (and countries) that provide some compelling incentives for the transition to zero-emission vehicles, but California seems to be the leader in the United States.
When you order a Tesla Model 3, Y, S, or X from California, your purchase will automatically include the $1,500 California Clean Fuel Reward Credit (see example below)-there is no need to apply for this grant separately.
After the recent price increase (please note: Tesla’s price tag is always changing, so be sure to double check when purchasing), the price of Tesla Model 3 Standard Range Plus is now $38,490, when this article was Originally written. After deducting the $1,500 California Clean Fuel Reward, the price dropped to $36,999.
California residents can also apply for a $5,000 grant provided by the Clean Vehicle Assistance Program (CVAP). The plan has eligibility criteria based on personal or family income. According to reports, it usually takes about 2 to 3 months to approve the grant. After approval, you can take the document to the Tesla store for processing.
The California Clean Vehicle Assistance Program also provides a $2,000 grant to install charging infrastructure in your home. As a result, this increases the total funding for eligible applicants to US$7,000.
Another option for residents of the Bay Area is the “Clean Cars for All” plan. If this grant is superimposed on the above-mentioned $7,000 grant, it can provide potential Tesla buyers (eligible buyers) in California with a rebate of up to $9,500.
By the way, there is more! It turns out that there is another grant called “California Clean Vehicle Rebate Program” (CVRP). Fortunately, Tesla Model Y and Model 3 Both On the list of eligible vehicles. If you apply online, you will get another $2,000 rebate. After approval, you will receive a check for $2,000, which has been sent to your mailbox-simple and clear.
The CVRP grant also provides an additional $2,500 discount to low- and middle-income families in the San Joaquin Valley and San Diego County. Specifically, the California CVRP website states: “The current pre-approved option through Rebate Now applies to increased rebates to low- and middle-income residents of San Diego County and the counties that make up the San Joaquin Valley. Their vehicles have not been purchased or leased yet. .”
The following table shows the complete breakdown of these grants to help clarify.
|Above: List and total value of currently available California clean vehicle discount programs. (Research by Iqtidar Ali / TeslaOracle.com)|
Ok. So, what if you live in California and qualify for these subsidies? What if you plan to buy Tesla Model 3 Standard Range Plus and, like many people, have a limited budget? To be honest, you can spend up to around $25,000. Is this really feasible? Well, let’s take a look below.
|Above: After the California rebate, the price of Tesla Model 3 depends on the specific counties of the state. (Source: TeslaOracle.com)|
Yes, it is possible! As mentioned above, the (current) minimum cost totals $25,450. Assuming all rebates and allowances are possible under your specific circumstances and geographic conditions, the price of the Tesla Model 3 SR+ will be compared to the low-priced 2021 Honda Accord. Competitiveness. Wow. Moreover, as the price of fuel-guzzling internal-combustion vehicles and electric vehicles remain the same, Tesla (and other electric vehicles) will become more and more popular, which is a good thing for the transition to electric vehicles.
video: Ryan Shaw