The top-selling electric vehicle brand doesn't sell models affordable enough to receive a state EV rebate.
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Tesla may be the top-selling electric vehicle brand but in California, its biggest market in the U.S., the carmaker’s products have become too expensive for customers there to receive state rebates for non-polluting cars and trucks.late this month updated its list of battery-powered vehicles that qualify for direct rebates of up to $2,000, which previously included base versions of Tesla’s Model 3 sedan and Model Y hatchback, the top-selling EVs in California.
The cheapest version of Model 3 currently costs $46,990, up from $44,990, and is more than $50,000 after taxes and other fees. Add Autopilot and the company’sand the cost with taxes shoots past $60,000. A base version of Model Y starts at $62,990, excluding taxes, and exceeds $83,000 for a longer-range version with the FSD package and other options.
CEO Elon Musk cited rising prices for materials and shipping in March 13 tweets, just ahead of Tesla’s across-the-board price hikes. “Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics,” the, and the state has provided incentives for non-polluting vehicles for decades.
The price limits on new EVs, as well as annual income limits for buyers, went into effect this year to ensure that California wasn’t subsidizing purchases by wealthier customers, the core demographic for Tesla and other battery car companies. Still, the loss of the $2,000 rebate isn’t likely to curtail demand for Teslas in the Golden State where high EV demand is rising further. That’s because gasoline, spiking since Russia invaded Ukraine a month ago, now averages $5.
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