EV Fees and Incentives - Tesla Model 3 (A1)
When ordering a Tesla Model 3 Standard Range Plus, there is a non-refundable order fee of $100 applicable. The Federal Government is encouraging the public to purchase electronic vehicles, like the Tesla Model 3, by offering tax credits ranging from $2,500 to $7,500. All other details are available in the attached spreadsheet.
- There is an order fee of $100 payable when ordering a Tesla Model 3 Standard Range Plus.
- The order fee is non-refundable, and the fee applies irrespective of states.
- At the moment, the annual registration fee in the five states is not lower than $100 and does not exceed $200.
- Tax credits from the Federal Government ranges from $2,500 to $7,500 for every new electric vehicle.
- The Tesla Model 3 Standard Range Plus is one of the most viewed cars for tax credit incentives.
- The tax credit is an initiative of the Internal Revenue Service (IRS), channeled through the US Department of Energy.
To determine the fees required and incentives for owning a Tesla Model 3 Standard Range Plus in each state, we went through the laws and regulations on electronic vehicles guiding the states of Alabama, Alaska, Arizona, Arkansas, and California. Some of these documents also contain incentives applicable to electronic vehicles like the Tesla Model 3. We also found out that these states do not impose state or local tax on electronic vehicles like the Tesla Model 3. Instead, they offer incentives for owners. However, recently, these states have imposed new or future registration fees on these owners. The state of Arizona even couched its annual registration fee as license tax.
Our findings on state incentives also gave insights into the specific reliefs available in Arizona and California. However, the federal program (fuel the economy) provides a blanket relief across all states in the US for people who purchase a car like the Tesla Model 3 Standard Range Plus.