With Incentives, a Tesla Model 3 Now Costs Less Than a Toyota Camry in California

Published June 10, 2023

By: Dan Avery

Source: CNet

Now that the Tesla Model 3 is eligible for the full $7,500 electric vehicle tax credit, Californians can get it for less than the popular gas-powered Toyota Camry.

The Inflation Reduction Act overhauled the lucrative tax break, requiring vehicles to have battery components and critical minerals made in the US. (Chinese companies currently manufacture more than half of all EV batteries.)

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