One of the most notable portions, for electric vehicle drivers at least, of President Joe Biden’s Build Back Better plan is the introduction of a massive $12,500 EV tax credit that will be offered to those who choose to drive sustainable cars. Now, new language revisions in the bill could see the EV tax credit turn into a “refundable credit,” which would give those who drive EVs an opportunity to receive a refund check that would put cash in their pockets.
Following Teslarati’s report on the EV Tax Credit portion of the Build Back Better plan over the weekend, the language in the proposal has been revised to reflect a refundable tax credit scenario for those who purchase EVs. Previously, the tax credit was used precisely as a “credit” would work. If a U.S. tax filer owed money on their taxes but bought an EV, the credit would eliminate the balance the filer owes on their taxes but would not put money in the filer’s pocket directly.
U.S. Senate Panel looks to boost EV Tax Credit to $12,500: What we know so far
Now, this may change, as the new language in the bill states that the credit would now be able to be obtained by the filer. The excess credit would then be converted into a check and sent to the filer, putting the amount in the EV driver’s pocket. Previously, if someone owed $2,500 in taxes and bought an EV that offered a $7,500 tax credit, it would eliminate the $2,500 balance, but the remaining funds would not be given to the driver. Instead, the additional funds would be returned to the government.
The new language would change the scenario completely. If someone owes $2,500 in taxes and bought an EV that offers a $7,500 tax credit, the $2,500 balance would be eliminated, and the remaining $5,000 would be sent to the driver in a check. CNET first reported the changes.
The advantages of an actual refundable credit could bring more effectiveness to the EV tax credit program altogether. Instead of people losing out on the remaining credit that is returned back to the government following their tax balance being eliminated, they will now be able to put the remaining funds back into their pocket, which could lead to several advantages for the car buyer. They could use the credit to install a home charger or put the entire balance toward their car loan.
Additionally, language would now give disqualified automakers, like Tesla and GM, who have sold 200,000 EVs and cannot offer the credit, the opportunity to provide the refundable tax credit for up to five years. After the first five years, the credit will only be available to use by EVs that are manufactured in the United States. Currently, the language regarding vehicle type price caps, which applies to SUVs, Trucks, and Vans up to $80,000 and “other,” which includes sedans, sits at $55,000 and under, still is present in the bill.
Income limits have been lowered to $500,000 for joint families, $375,000 for the head of household, and $250,000 for individual filers. These are relatively drastic reductions, especially as single filers were eligible with incomes of up to $400,000, and joint filers were not disqualified until the $800,000 yearly income mark.
Finally, used EVs will now qualify if the vehicle is at least two years old, costs under $25,000, and the household has an income of less than $75,000 for single filers and $150,000 for joint filers.
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Tesla Full Self-Driving’s new version officially gets a wider rollout
So far, v14 has introduced a handful of new features and improvements, but the first versions needed refinement before Tesla made an effort to expand the population. It had issues with a brake stutter, but this has been mostly resolved.
Tesla’s newest Full Self-Driving version is officially rolling out wider to customers outside of the Early Access Program (EAP), in preparation for a total launch of the new v14 suite.
Over the past several weeks, Tesla has been working to refine its new v14 Full Self-Driving (Supervised) in an effort to have it ready for the entire fleet of vehicles in the United States. We are lucky enough to be in the EAP, so we’ve been able to test new features and rollouts first-hand.
So far, v14 has introduced a handful of new features and improvements, but the first versions needed refinement before Tesla made an effort to expand the population. It had issues with a brake stutter, but this has been mostly resolved.
Additionally, the rollout of the new Mad Max Speed Profile has gathered some attention.
🚨 Tesla “Mad Max” testing on FSD v14.1.2
It drives like a human being! Consistent lane changes, keeps up with quicker traffic, very refined
Well done Tesla Team pic.twitter.com/wzTucDhczA
— TESLARATI (@Teslarati) October 19, 2025
Now that Tesla has started rolling out v14.1.3 yesterday to EAP members, the company ultimately decided that it was time to expand the software to more vehicles, as many owners are reporting that they’re receiving it:
We are SOOOO BACK!
v14.1.3 installing on my 2024 Model 3!@WholeMarsBlog pic.twitter.com/uNHOc9fyV8— Joseph (@ScarantinoX) October 20, 2025
Additionally, the suite has started to expand to Model S and Model X vehicles, so this rollout is not exclusive to Model 3 and Model Y:
I did over an hour of driving with FSD v14.1.3 in my Model S tonight and experienced 0 disengagements. First impressions video uploading shortly… pic.twitter.com/aFfmBphAsC
— Dan Burkland (@DBurkland) October 21, 2025
The only issue with this rollout is that it still appears to be missing the Cybertruck, which Tesla was transparent about earlier this month. Although the company planned to release v14 to Cybertrucks by the end of the month, there has been no hint that this is going to happen.
This is already the third iteration of v14 in the past two weeks, indicating that Tesla is truly addressing the shortcomings of past versions and rolling out updates as quickly as possible.
Tesla has made a crazy move with its leasing terms in the United States to spur demand in the short term, as Q4 is moving along quickly.
The move is one that is pretty crazy in terms of the lease price, as one of the deals shows a drop of nearly one-quarter of the previous pricing. These deals are obviously being started to really drive demand over the next week and a half.
Tesla has offered new leasing terms on the Model 3, Model Y, and Cybertruck, cutting lease prices by 23 percent for the Model 3, 15 percent for the Model Y, and 7 percent for the Cybertruck.
New prices on these leases are as follows:
- Tesla Model 3: $329/mo, down from $429 — 23 percent discount
- Tesla Model Y: $449/mo, down from $529 — 15 percent discount
- Tesla Cybertruck: $699/mo, down from $749 — 7 percent discount
The lease terms are $3,000 down, a 36-month lease term, and 10,000 miles per year. Tesla is also showing $0 down lease prices automatically on its website.
For the Model 3, these same terms with $0 down would be $419. The Model Y with $0 down would be $543 a month, and the Cybertruck would be $851 a month.
These terms are also for the entry-level configurations of each vehicle, so for the Model 3, it’s the Model 3 Standard. The Model Y price is for the Model Y Standard, and the Cybertruck is the All-Wheel-Drive.
Tesla launches two new affordable models with ‘Standard’ Model 3, Y offerings
Tesla shows on their website that these lease deals are incredibly short-term and will adjust accordingly on November 1.
Why Tesla is launching these deals for ten days is not necessarily known, but it seems as if the company might be testing demand, as lease deals for the latter half of Q4 could be in the works.
Tesla traditionally launches some pretty tasty deals at the end of each quarter, but this move is somewhat interesting simply because it is not even remotely long-term.
It will be a good test to see if people are more incentivized to wait for these deals now that the $7,500 tax credit has been removed.
News
Tesla Sweden faced with fresh strike from elevator company
Telecom and elevator service providers are the latest to join the widening labor blockade against the EV maker.
Tesla’s operations in Sweden are facing fresh pressure as multiple unions intensify their long-running dispute against the electric vehicle maker. Industrial groups IF Metall and Seko have announced new blockades affecting elevator maintenance and telecom services, escalating their ongoing conflict with Tesla Sweden.
Work stoppages expand to elevator maintenance
Starting October 29, elevator manufacturer Cibes Kalea Sverige will halt all service and maintenance work at Tesla’s facilities under a full blockade ordered by IF Metall. The union’s move targets elevator service visits, which are typically required four times a year in Sweden. Cibes Kalea employs around 70 workers across six sites in Sweden and provides both passenger and freight elevator systems to clients, including Tesla, as noted in a report from Dagens Arbete.
The industrial action follows months of escalating measures from IF Metall, which has aimed to pressure Tesla into signing a collective bargaining agreement. Since early September, the union has initiated several blockades across Tesla’s Swedish network, including work stoppages involving suppliers like Holtab and Linde Material Handling.
This was despite Sweden’s Mediation Institute throwing in the towel at the unions and Tesla’s conflict. “We have tried in every possible way to get the parties to come closer to each other in a way that allows this conflict to end. But now we have come to the end of the road and have realized that it is just as good to end the case,” Director General Irene Wennemo said.
Telecom workers join expanding blockade
In a separate escalation, Seko, another major Swedish union, announced a strike targeting Tesla’s telecommunications infrastructure. “We are now putting a notice on the telecom area and this means that when it comes to networks, fiber or telephony, for example, we will not help where Tesla needs either service, maintenance or new installation of these parts,” Seko chair Gabriella Lavecchia told Sveriges Radio.
Seko has already initiated blockades against Tesla’s postal service and charging stations. The union expects the telecom blockade to have even broader effects given Tesla’s reliance on connectivity for its charging and digital services. “There aren’t many companies in Sweden today that don’t need telephony, fiber, networks, and I would guess that Tesla needs it more than many others,” Lavecchia said.
With 12 strike notices issued in just a few weeks, the conflict shows no signs of easing as unions continue to coordinate pressure through multiple sectors.
Tesla Full Self-Driving’s new version officially gets a wider rollout
Tesla makes crazy move to spur short-term demand in the U.S.
Tesla Sweden faced with fresh strike from elevator company
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