News
Colorado tax incentives might supercharge EV adoption in the state
Colorado’s new electric vehicle (EV) tax incentives might supercharge EV adoption in the state. The new EV tax credit compliments federal EV incentives from the Inflation Reduction Act (IRA). Together, Colorado and the IRA tax incentives make electric vehicles more affordable for consumers.
As of this writing, consumers who purchase a new electric vehicle are eligible to receive Colorado’s tax credit of $2,000. For people looking to lease a new EV, the state offers $1,500 in credits. The state’s EV incentives only apply to consumers who pay taxes in Colorado.
By July 1, 2023, however, Colorado’s EV tax incentives might be more enticing to those still on the fence about purchasing an electric vehicle. In July, the state plans to raise EV tax credits up to $5,000 for new battery-electric or plug-in hybrid cars with an MSRP of less than $80,000. Consumers who buy a battery electric or plug-in hybrid car priced under $35,000 are eligible for a $2,500 credit. Colorado’s new $5,000 EV tax incentive will be available until January 1, 2025. After 2025, the base rate of the EV tax credit will continue to decrease until 2029.
Colorado’s EV tax incentive is separate from the federal credits from the IRA. The federal government’s EV tax credits go up to $7,500 for new vehicle purchases and leased cars. So, Coloradans can get up to $12,500 in tax credits for their new battery-electric or plug-in hybrid vehicles.
Four car brands qualify for the IRA’s entire $7,500 tax credit, including Cadillac, Chevrolet, Ford, and Tesla. Only Ford and Tesla qualify for partial credit up to $3,750. Only a few full-electric vehicles qualify for all the IRA credits since the IRA’s battery material guidance significantly reduced the number of eligible cars.
However, most—if not all—of the EVs that made the cut can carry their own on the road and might be a suitable replacement for an internal combustion engine vehicle. Below is a list of vehicles eligible for the full $7,500 tax credit.
- 2023-2024 Cadillac LYRIQ
- 2024 Chevrolet Blazer
- 2022-2023 Chevrolet Bolt
- 2022-2023 Chevrolet Bolt EUV
- 2024 Chevrolet Equinox
- 2024 Chevrolet Silverado
- 2022-2023 Ford F-150 Lightning (Extended Range Battery)
- 2022-2023 Ford F-150 Lightning (Standard Range Battery)
- 2022-2023 Tesla Model 3 Performance
- 2022-2023 Tesla Model Y All-Wheel Drive
- 2022-2023 Tesla Model Y Long Range All-Wheel Drive
- 2022-2023 Tesla Model Y Performance
The Teslarati team would appreciate hearing from you. If you have any tips, contact me at maria@teslarati.com or via Twitter @Writer_01001101.
News
Tesla Model Y L spotted on transport trucks in Australia
One of the sightings was reported along Victoria Parade in Melbourne, and it showed multiple Model Y L vehicles on a transport carrier.
Tesla’s upcoming Model Y L has been spotted on transport trucks in Australia. Sightings of the six-seat extended wheelbase Model Y variant have been reported on social media platform X by members of the Australian Tesla community.
One of the sightings was reported along Victoria Parade in Melbourne, and it showed multiple Model Y L vehicles on a transport carrier.
The sighting follows earlier observations by Tesla enthusiasts in Sydney, where a covered vehicle believed to be a Model Y L was spotted at a Supercharger.
The Sydney sighting drew attention after observers noted that the vehicle’s tare weight appeared to match the ADR approval listing for the Model Y L, suggesting it could indeed be the extended wheelbase variant of the electric SUV.
Tesla has previously confirmed that the Model Y L will launch in Australia and New Zealand in 2026. The confirmation was reported by techAU following a media release from Tesla Australia and New Zealand.
The Model Y L expands the existing Model Y lineup with seating for six passengers. The vehicle features a longer body compared with the standard Model Y in order to accommodate a spacious second and third row.
Tesla has opted for a 2-2-2 seating configuration instead of a traditional seven-seat layout for the Model Y L. The design includes two individual seats in the middle row to provide easier access to the third row and additional passenger space.
Tesla Australia and New Zealand has also stated that the Model Y L will be covered under the company’s updated warranty structure beginning in 2026.
Tesla has not yet announced pricing or official range figures for the Model Y L in Australia.
Elon Musk
Elon Musk shares timeframe for X Money early public access rollout
X Money is expected to enable financial transactions within the app, expanding the platform’s capabilities beyond social media features.
Elon Musk has stated that X Money, the digital payments system being developed for social media platform X, is expected to enter early public access next month.
The update was shared by Musk in a post on X. “𝕏 Money early public access will launch next month,” Musk wrote in his post.
As noted in a Reuters report, X Money is being developed as a digital payment service that’s directly integrated into the X platform.
The system is expected to enable financial transactions within the app, expanding the platform’s capabilities beyond social media features.
Musk has previously discussed plans to introduce payments and financial services as part of X’s broader development.
Since acquiring the platform in 2022, Musk has discussed expanding X to include a range of services such as messaging, media, and financial tools.
Elon Musk has shared his goal of transforming X into an “everything app.” During a previous podcast interview with members of the Tesla community, Musk mused about turning X into something similar to China’s WeChat, which allows users to shop, pay, communicate, and perform a variety of other tasks.
“In China, you do everything in WeChat… it’s kickass… Outside of China, there’s nothing like it, people live on one app. My idea would be like how about if we just copy WeChat,” Musk joked at the time.
To prepare for the rollout of X Money, X has partnered with payment company Visa to support the development of payment services for the platform’s users. The move could allow X to tap into the growing demand for digital and in-app financial transactions as the company builds additional services around its existing user base.
News
Tesla Cybercab display highlights interior wizardry in the small two-seater
Photos and videos of the production Cybercab were shared in posts on social media platform X.
The Tesla Cybercab is currently on display at the U.S. Department of Transportation in Washington, D.C., and observations of the production vehicle are highlighting some of its notable design details.
Photos and videos of the production Cybercab were shared in posts on social media platform X.
Observers of the Cybercab display unit noted that the two-seat Robotaxi provides unusually generous legroom for a vehicle of its size. Based on the vehicle’s video, the compact two-seater appears to offer more legroom than Tesla’s larger vehicles such as the Model Y, Model X, and Cybertruck.
The Cybercab’s layout allows Tesla to dedicate nearly the entire cabin to passengers. The vehicle is designed without a steering wheel or pedals, which helps maximize interior space.
Footage from the display also highlights the Cybercab’s large center screen, which is positioned prominently in front of the passenger bench. The display appears intended to provide entertainment and ride information while the vehicle operates autonomously.
Images of the vehicle also show an additional camera integrated into the Cybercab’s C-pillar. The extra camera appears to expand the vehicle’s field of view, which would be useful as Tesla works toward fully unsupervised Full Self-Driving.
Tesla engineers have previously explained that the Cybercab was designed to be highly efficient both in manufacturing and in operation. Cybercab Lead Engineer Eric E. stated in 2024 that the Robotaxi would be built with roughly half the number of parts used in a Model 3 sedan.
“Two seats unlocks a lot of opportunity aerodynamically. It also means we cut the part count of Cybercab down by a substantial margin. We’re gonna be delivering a car that has roughly half the parts of Model 3 today,” the Tesla engineer said.
The Tesla engineer also noted that the Cybercab’s cargo area can accommodate multiple golf bags, two carry-on suitcases, and two full-size checked bags. The trunk can also fit certain bicycles and a foldable wheelchair depending on size, which is quite impressive for a small car like the Cybercab.