topic EV Credit - $55K in Get your taxes done using TurboTax

EV Credit - $55K

mym — Wed, 11 Feb 2026 06:09:05 GMT

I purchased a Tesla Model 3 and added the color for $2,000 additional. My total price before taxes and fees was $55,990. Because I added the color this took me above the $55k. Is there any way I can still receive the credit?

Re: EV Credit - $55K

MayaD — Wed, 13 Mar 2024 17:04:57 GMT

To qualify, the vehicle's manufacturer suggested retail price (MSRP) can't exceed: $55,000

MSRP is the retail price, including installed options, accessories and trim but excluding destination fees.

Re: EV Credit - $55K

mym — Wed, 13 Mar 2024 17:29:34 GMT

So there is absolutely no loophole to this?

Re: EV Credit - $55K

MayaD — Wed, 13 Mar 2024 17:36:24 GMT

Unfortunately no. At the time of sale, the seller gives you information about your vehicle's qualifications. They also register online and report the same information to the IRS.