With the Climate Bill that includes funding for EV buying incentives approaching its final round of voting and news about possible details on the funding running rampant, I will attempt to consolidate as much knowledge as possible into one place.
First of all, I and others here at Teslarati have written numerous articles covering EV incentives. These articles will help you understand how incentives have been voted on recently and how EV incentives in the US compared to the rest of the world. Some of the most notable include this article about US State level EV incentives, this article about how the “union made” incentive was scrapped earlier this year and this opinion piece about what Elon Musk thinks about EV incentives and how he hopes the US will move away from ICE vehicles.
A personal favorite from outside of Teslarati, Martyn Lee of the EV News Daily podcast has laid out a couple of perspectives from Twitter in one of his most recent episodes.
Martyn does a fantastic job of laying out a couple of perspectives on the EV incentives, how some are proposing to pay for them, and reading from experts examining the bill. One such expert is Tom Randall of Reuters, who has posted numerous Twitter threads on the topic. His most notable is the one linked below, where he covers the basics of incentives, who will qualify, and other notes surrounding the legislative process/votes.
Interesting EV tax credit details in the new Manchin deal: $7.5k credit per new vehicle and $4k for a used EV (or 30% of price, whichever is less). The credits expire at the end of 2032—with no manufacturer caps. A bunch of new limitations include ?1/
— Tom Randall (@tsrandall) July 28, 2022
Some important notes from the thread are that used cars will also qualify for a tax rebate of up to $4,000 (as long as your salary is below $75,000 individually or $150,000 for joint filers), and new cars will only qualify if they are under $55,000, new SUVs and trucks will have to be below $80,000, and used vehicles must cost less than $25,000 to qualify.
For those who need a consolidated explanation of what will allow a vehicle to access the incentive, u/mad691 on the r/Electric Vehicles subreddit has posted a spreadsheet that includes all current plugin models and their possible federal rebates if the bill, in its current form, passes. The sheet consists of the qualifications that manufacturers must meet for customers to access the tax rebate along the top row.
Listed on the left are the current incentives available for each model. Then the following five columns highlight whether the vehicle may qualify in the future under the new proposal. These qualifications would disqualify the vehicle from the incentives. Finally, on the right are two columns that highlight the possible rebate of the vehicle and the change in rebate from the current system (red being negative, black being positive change).
Possible Federal EV Incentives from u/Mad691 on Reddit
While the sheet is not fleshed out completely, especially looking at the battery material clause and battery component clause columns, it can at least give a sense of what vehicles may qualify and which may not. Any of the three middle columns (Car Price, Truck+SUV Price, and Assembled in America) are instant disqualifiers and represent the vast majority of disqualifications from the incentives.
Some surprising results from the table include GM’s offerings that would once again be available for the rebate, the laundry list of vehicles not assembled in the US that would no longer qualify for the tax credits, as well as the long list of PHEVs that will continue to receive the full $7,500 in tax credits despite small batteries and lackluster fuel economy (specifically looking at the Jeep Wrangler 4xe with 14 miles of EV range and the BMW X5 with 30 miles of EV range).
This news should be taken with a huge grain of salt as voting and editing the bill have not yet been completed. However, it can give a basic understanding of what incentives may become available if the bill were to pass.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk revealed in a post on X that “Permits were impossible to get,” explaining the fate of The Boring Company’s most ambitious East Coast proposal.
The comment responded to a query about what became of his July 20, 2017 announcement that he had “just received verbal govt approval” for an underground Hyperloop connecting New York City, Philadelphia, Baltimore, and Washington, D.C., capable of carrying passengers from the Big Apple to the Nation’s Capital in just 29 minutes.
The Boring Company receives verbal ‘approval’ to build NY to DC Hyperloop tunnel
The 2017 post, which envisioned city-center stations and multiple elevators in each city, sparked immediate scrutiny. Local and state officials in New York, Philadelphia, Baltimore, and D.C. said they had no knowledge of any approval. A White House spokesperson confirmed only “promising conversations” about the transformative infrastructure.
Musk clarified shortly after that there was “still a lot of work” to do for formal approvals.
@cybrtrkguy Permits were impossible to get
— Elon Musk (@elonmusk) October 19, 2026
Limited progress followed, as Maryland Governor Larry Hogan’s administration issued a conditional utility permit and supported work near Fort Meade. In 2018, Washington, D.C., granted a preliminary permit for site preparation and excavation on a vacant lot at 53 New York Ave. NE in the NoMa neighborhood, which The Boring Company said could become a station.
A draft environmental assessment for a D.C.-Baltimore segment was released in 2019. Yet, by April 2021, the company had removed the project from its website, and the Federal Highway Administration reported receiving no indication of further interest. Communication with Maryland officials had ceased.
The full corridor would have required coordination among the District of Columbia, Maryland, Pennsylvania, New York, the Federal Highway Administration, the Army Corps of Engineers, the National Park Service, and other agencies.
Environmental reviews under the National Environmental Policy Act, utility clearances, and approvals for novel infrastructure added to the overall complexity of the project and its approval.
Speculation on the permitting barriers centers around a few factors, but a multi-state, multi-level route involving unproven high-speed vacuum-tube technology inherently triggers exhaustive safety, environmental, and engineering reviews that can stretch for years, even for conventional projects.
There are also other elements, of course, like officials who may face political exposure if a privately funded, untested system encountered anything such as cost overruns, delays, or safety issues. On the outset of this project, there were limited things such as engineering plans or demonstrated technology maturity, which also added to the potential skepticism.
The East Coast vision for Boring Co., once framed as a privately funded revolution that could reshape Northeast travel, quietly ended without construction of the promised network. Musk’s recent statement frames the outcome as a regulatory impasse, unfortunate but not unexpected.
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk reveals why Boring Co’s biggest East Coast project never happened
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
SpaceX reveals how its 1 Million AI satellite network will work and prevent space collisions
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
