Detailed Answer:
Step 1: Look at Line 11 on your 2022 Tax return (Form 1040).
Step 1a: For the vast majority of taxpayers this won't apply: Add to Step 1 any income from Puerto Rico you excluded, any housing exclusion foreign income you claimed (Lines 45 and 50 of Form 2555), and American Samoa residential income excluded (Line 15 of Form 4563).
Step 2: If that number is less than:
$300,000 Married Filing Jointly
$225,000 Head of Household
$150,000 Single and any other filing status
then continue to Step 3. Otherwise, you currently DO NOT qualify for any rebate, and will need to reduce that number on your 2023 Tax return below those limits. You can reduce that number by traditional 401k contributions, or some small-business options.
Step 3: Look at Line 24 on your 2022 Tax return (Form 1040).
- If it is greater than $7,500 and your income in 2023 stays the same or increase, you will get the full $7,500.
- If it is less than that, you get that amount (assuming your income stays the same). If your income increases then you may get a larger refund, up to $7,500.
In other words, in order to get the full tax credit, you must OWE at least $7500 in taxes and be under the income limits.
You absolutely CAN NOT carry over for a few years, or even one more year. It is a one time credit. Any unused credit is LOST!
Q7. Is the new clean vehicle credit refundable or able to be carried forward? (updated March 31, 2023)
A7. The new clean vehicle credit may only be claimed to the extent of reported tax due of the taxpayer and cannot be refunded. The new clean vehicle credit cannot be carried forward to the extent it is claimed for personal use on Form 1040, Schedule 3, Additional Credits and Payments.
from page 3 of this IRS document: https://www.irs.gov/pub/taxpros/fs-2023-08.pdf
* If you're concerned about battery degradation, you can take a look at this site [teslalogger.de] (Pull down the menu for Model Y LR)
* If you like to nerd out on graphs, data, and overal health of your vehicle, get a program called teslamate that can be installed on your home server. every time your car parks in your garage it will send driving telemetry data to it with pretty graphs [teslamate.org] and all.
* You can also opt to get teslausb [github.com], which can wirelessly send all your dashcam footage to your home server every time you pull into your garage.
Top Comments
EV good if you have a dedicated charging station at home.
if you live in an apartment complex or condo its not as consumer friendly, unless you want to pay up the wazoo at supercharger stations and inconvenience yourself by having to go there every time to charge. Go to plugshare.com to see how much you will be paying in your area. Just multiply cents * 45kwh (assuming you're charging from 20% to 80%). For my area I would be paying $20-$25 per charge at a supercharger station. At home, with the national average electrity rate of 0.14 / kwh, it would cost $6
if you live in california, don't forget that you can also get another $2k in CVRP rebate. you get a check in the mail but the wait time is long to get it.
also don't forget about the single occupant HOV lane decal you can sign up at the DMV website.
basic autopilot is more than sufficient. autopilot still has a long ways to go imo. definitely not worth getting the advanced AP and definitely not full self driving at $15k. as MKBHD always says, don't buy a product on a promise of features yet to come.
also, make sure you setup your electricity usage to "time of use" or EV-specific plan as your bill will assuredly go up. Don't be on those tiered plans. Yes, you will end up saving money compared to ICE vehicles paying for gas, unless you get a hybrid, which is a bit more comparable, especially in areas where electricity is expensive.
additionally, people forget that you need to install a wall connector or mobile connector in your home. equipment costs $230 for the mobile connector +$45 for the nema 14-50 adapter, which is good enough especially if you do scheduled charging at night to save on electricity. installation itself will vary depending on your region and how much electricians will charge you, but it can get expensive. just make sure you're not getting ripped off as electricians are aware of the EV craze and asking for higher premiums on them. installation can go anywhere from $1k-$2k+. (according to poster SamirPD, you can ask the electrictian to install a dryer outlet and it should save you money and prevent you from being ripped off). One worthy note, EV charger and installation is tax deductible at 30%, just need to fill out the tax form [irs.gov] when you do your taxes next year. EDIT: SD poster hiro916 indicated that the 30% tax deduction only pertains to low income or rural tract areas, so YMMV [reddit.com].
as for car insurance, I'm paying $95 a month through Geico, but thats with a robust policy.
if you are impatient like me, and want to get one right away without having to wait, go to the waitingfortesla discord server [discord.com] and setup alerts for any time a Model Y drops in your local area. You have to act quick as they get snatched up relatively quickly. You can see whats in inventory on their website too [waitingfortesla.com]. Don't expect to see base model Y LR coming into inventory. If you want to pick something up quick settle for the 20 inch induction wheels (costs $2k extra) as they are more readily available. You can always sell the tires if you want to recoup some of the costs and get an aftermarket hubcap that look better than stock anyhow.
If you're interested in a real world range comparison of current popular EV's check out this YT video [youtube.com].
once you pick up your car you have 100 miles and 7 days to report any defects. panels gaps aren't as much of a problem anymore compared to years past, but be on the lookout for them. paint quality isn't so great out of the factory, mine came with swirl marks all over and had to get it paint corrected.
if you're concerned about battery degradation, you can take a look at this site [teslalogger.de] (select dropdown and look for Y LR AWD US to see the average degradation over time based on mileage. on average after 50k miles you should see about a 10% degradation, and it will degrade more slowly 50k+ miles onwards.
in terms of accessories, the only real requirement imo that you need are mud flaps. reason being is because without them, the rear passenger quarter panels will get hit with rock chips very quickly. tesmanian is a good aftermarket seller, or you can just opt for ones you see on amazon. if you want to go deeper into accessories temu is a great site for low prices compared to amazon.
if you like to nerd out on graphs, data, and overal health of your vehicle, get a program called teslamate that can be installed on your home server. every time your car parks in your garage it will send driving telemetry data to it with pretty graphs [teslamate.org] and all.
you can also opt to get teslausb [github.com], which can wirelessly send all your dashcam footage to your home server every time you pull into your garage.
my personal thoughts on ownership thus far. overall i like it. i am using it as a daily driver / commuter car. i don't think of Model Y and 3 as a 'luxury' vehicle. I see Tesla as a software company trying to be an automaker, and the legacy automakers are trying to be more like Tesla by being more tech focused. Teslas are continuously getting software updates to improve year over year. Interior build quality is spartan, and the ride quality need some improvement, especially if you are in an area with poor road conditions. if you're really into tech like me, this is the car for you. Performance vehicles I still prefer ICE cars over EV's however. first thing you will notice in an EV though, is the instant torque. that is what will grab you immediately.
If you have questions and need instant feedback join the Tesla discord, I'm active on there and other members can assist with questions you may have: https://discord.com/invite/tesla
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https://insideevs.com/news/666124...ompari
Replacing Ultrasonic Sensors with Tesla Vision.
That said, cars didn't have parking sensors for most of their existence, so unless you need to often maneuver in super tight areas it's not much of a big deal... (even less of one if you can back into them, since the car will display rear, and both sides, worth of cameras in that direction on your screen in addition to the vision-based distance estimates)
Summon: manually moves your vehicle forward or in reverse via the Tesla app.
Smart Summon: navigates your vehicle to your location or location of your choice via the Tesla app.
Because if not you didn't get any of those features anyway.
By default the car only comes with standard autopilot-- which as the rest of that text mentions doesn't have any difference in capabilities with out without USS sensors.
That said, cars didn't have parking sensors for most of their existence, so unless you need to often maneuver in super tight areas it's not much of a big deal... (even less of one if you can back into them, since the car will display rear, and both sides, worth of cameras in that direction on your screen in addition to the vision-based distance estimates)
Were you planning to buy EAP or FSD?
Because if not you didn't get any of those features anyway.
By default the car only comes with standard autopilot-- which as the rest of that text mentions doesn't have any difference in capabilities with out without USS sensors.
You literally list that it does have it in your previous post.
Again, $52k is super premium
For one, a model Y LR with blue paint and white seats is $52,240....and qualifies for a $7500 federal tax credit- so $44,740 net price.
And actually- since you claim your delivery is next week- that means you ordered it BEFORE the recent $250 price increase. So it's really only $44,490.
The average new car here in 2023 is over $48,000.
The average luxury new car here in 2023 is over $65,000.
. I would rather buy an Audi Q5 for $50k and afford paying the gas. I work from home anyway. ♂️
Especially when the audi costs significantly more for inferior performance, inferior ADAS features, and significantly higher cost of ownership.
Plan on placing the order at the beginning of July.
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Tesla Vision Update:
Replacing Ultrasonic Sensors with Tesla Vision
Safety is at the core of our design and engineering decisions. In 2021, we began our transition to Tesla Vision by removing radar from Model 3 and Model Y, followed by Model S and Model X in 2022. Today, in most regions around the globe, these vehicles now rely on Tesla Vision, our camera-based Autopilot system.
Since launch, we have continued to make incremental improvements in both feature parity and safety. Compared to radar-equipped vehicles, Model 3 and Model Y with Tesla Vision have either maintained or improved their active safety ratings in the US and Europe, and perform better in pedestrian automatic emergency braking (AEB) intervention.
Today, we are taking the next step in Tesla Vision by removing ultrasonic sensors (USS) from Model 3 and Model Y. We will continue this rollout with Model 3 and Model Y, globally, over the next few months, followed by Model S and Model X throughout 2023.
Along with the removal of USS, we have simultaneously launched our vision-based occupancy network – currently used in Full Self-Driving (FSD) Beta – to replace the inputs generated by USS. With today's software, this approach gives Autopilot high-definition spatial positioning, longer range visibility and ability to identify and differentiate between objects. As with many Tesla features, our occupancy network will continue to improve rapidly over time.
For a short period of time during this transition, Tesla Vision vehicles that are not equipped with USS will be delivered with some features temporarily limited or inactive, including:
Park Assist: alerts you of surrounding objects when the vehicle is traveling <5 mph.
Autopark: automatically maneuvers into parallel or perpendicular parking spaces.
Summon: manually moves your vehicle forward or in reverse via the Tesla app.
Smart Summon: navigates your vehicle to your location or location of your choice via the Tesla app.
In the near future, once these features achieve performance parity to today's vehicles, they will be restored via a series of over-the-air software updates. All other available Autopilot, Enhanced Autopilot and Full Self-Driving capability features will be active at delivery, depending on order configuration.
Given the incremental improvements already achieved with Tesla Vision, and our roadmap of future Autopilot improvements and abilities, we are confident that this is the best strategy for the future of Autopilot and the safety of our customers.
Frequently Asked Questions
Hide All
How do I know if my vehicle is equipped with ultrasonic sensors?
Starting in early October 2022, all Model 3 and Model Y built for certain regions are no longer built with ultrasonic sensors and instead rely solely on Tesla Vision to provide Autopilot, Enhanced Autopilot, FSD capability and active safety features. As of early January 2023, those regions include North America, Europe, Middle East, Taiwan and Korea.
We will continue this rollout with Model 3 and Model Y, globally, over the coming months, followed by Model S and Model X in 2023.
If you have taken delivery of your vehicle and are curious if your vehicle is equipped with USS, the 12 sensors can be found on the front and rear bumpers of your vehicle.
Does the transition to Tesla Vision without ultrasonic sensors affect Model 3 and Model Y safety ratings for vehicles delivered on or after October 2022?
No. The transition does not affect crash safety ratings. Vehicles equipped with Tesla Vision retain the same crash safety ratings as vehicles equipped with vision + radar + USS.
Will vehicles equipped with ultrasonic sensors have their functionality removed?
At this time, we do not plan to remove the functionality of ultrasonic sensors in our existing fleet.
Does the transition to Tesla Vision affect the availability of some features on vehicles delivered on or after October 2022?
For a short period of time during this transition, Tesla Vision vehicles that are not equipped with USS will be delivered with some features temporarily limited or inactive, which includes the features outlined in the table below.
Features* Equipped with USS Not equipped with USS
Forward Collision Warning ✓ ✓
Automatic Emergency Braking ✓ ✓
Lane Departure Warning / Avoidance ✓ ✓
Emergency Lane Departure Avoidance ✓ ✓
Pedal Misapplication Mitigation ✓ ✓
Auto High Beam ✓ ✓
Autowiper ✓ ✓
Blind Spot Collision Warning Chime ✓ ✓
AutoSteer** ✓ ✓
Auto Lane Changes ✓ ✓
Navigate on Autopilot ✓ ✓
Traffic Light and Stop Sign Control ✓ ✓
Park Assist ✓ Coming soon
Autopark ✓ Coming soon
Summon ✓ Coming soon
Smart Summon ✓ Coming soon
*Features listed are reflective of availability in North America. Features vary based on region and purchased Autopilot package.
**Autosteer maintains its 85 mph top speed, which is the same as Tesla Vision vehicles equipped with USS.
In the near future, once these features achieve performance parity to today's vehicles, they will be restored via a series of over-the-air software updates.
Our community has rated this post as helpful. If you agree, why not thank
My order is coming next week
I am thinking about putting 14 day hold so may be there will be more price cuts in June
As it end of 2 quarter.
Another question
Mine coming from Austin to Cali
Is it same as Fremont , worse , better
Thanks
EV good if you have a dedicated charging station at home.
if you live in an apartment complex or condo its not as consumer friendly, unless you want to pay up the wazoo at supercharger stations and inconvenience yourself by having to go there every time to charge. Go to plugshare.com to see how much you will be paying in your area. Just multiply cents * 45kwh (assuming you're charging from 20% to 80%). For my area I would be paying $20-$25 per charge at a supercharger station. At home, with the national average electrity rate of 0.14 / kwh, it would cost $6
if you live in california, don't forget that you can also get another $2k in CVRP rebate. you get a check in the mail but the wait time is long to get it.
also don't forget about the single occupant HOV lane decal you can sign up at the DMV website.
basic autopilot is more than sufficient. autopilot still has a long ways to go imo. definitely not worth getting the advanced AP and definitely not full self driving at $15k. as MKBHD always says, don't buy a product on a promise of features yet to come.
also, make sure you setup your electricity usage to "time of use" or EV-specific plan as your bill will assuredly go up. Don't be on those tiered plans. Yes, you will end up saving money compared to ICE vehicles paying for gas, unless you get a hybrid, which is a bit more comparable, especially in areas where electricity is expensive.
additionally, people forget that you need to install a wall connector or mobile connector in your home. equipment costs $230 for the mobile connector +$45 for the nema 14-50 adapter, which is good enough especially if you do scheduled charging at night to save on electricity. installation itself will vary depending on your region and how much electricians will charge you, but it can get expensive. just make sure you're not getting ripped off as electricians are aware of the EV craze and asking for higher premiums on them. installation can go anywhere from $1k-$2k+. (according to poster SamirPD, you can ask the electrictian to install a dryer outlet and it should save you money and prevent you from being ripped off). One worthy note, EV charger and installation is tax deductible at 30%, just need to fill out the tax form [irs.gov] when you do your taxes next year. EDIT: SD poster hiro916 indicated that the 30% tax deduction only pertains to low income or rural tract areas, so YMMV [reddit.com].
as for car insurance, I'm paying $95 a month through Geico, but thats with a robust policy.
if you are impatient like me, and want to get one right away without having to wait, go to the waitingfortesla discord server [discord.com] and setup alerts for any time a Model Y drops in your local area. You have to act quick as they get snatched up relatively quickly. You can see whats in inventory on their website too [waitingfortesla.com]. Don't expect to see base model Y LR coming into inventory. If you want to pick something up quick settle for the 20 inch induction wheels (costs $2k extra) as they are more readily available. You can always sell the tires if you want to recoup some of the costs and get an aftermarket hubcap that look better than stock anyhow.
If you're interested in a real world range comparison of current popular EV's check out this YT video [youtube.com].
once you pick up your car you have 100 miles and 7 days to report any defects. panels gaps aren't as much of a problem anymore compared to years past, but be on the lookout for them. paint quality isn't so great out of the factory, mine came with swirl marks all over and had to get it paint corrected.
if you're concerned about battery degradation, you can take a look at this site [teslalogger.de] (select dropdown and look for Y LR AWD US to see the average degradation over time based on mileage. on average after 50k miles you should see about a 10% degradation, and it will degrade more slowly 50k+ miles onwards.
in terms of accessories, the only real requirement imo that you need are mud flaps. reason being is because without them, the rear passenger quarter panels will get hit with rock chips very quickly. tesmanian is a good aftermarket seller, or you can just opt for ones you see on amazon. if you want to go deeper into accessories temu is a great site for low prices compared to amazon.
if you like to nerd out on graphs, data, and overal health of your vehicle, get a program called teslamate that can be installed on your home server. every time your car parks in your garage it will send driving telemetry data to it with pretty graphs [teslamate.org] and all.
you can also opt to get teslausb [github.com], which can wirelessly send all your dashcam footage to your home server every time you pull into your garage.
my personal thoughts on ownership thus far. overall i like it. i am using it as a daily driver / commuter car. i don't think of Model Y and 3 as a 'luxury' vehicle. I see Tesla as a software company trying to be an automaker, and the legacy automakers are trying to be more like Tesla by being more tech focused. Teslas are continuously getting software updates to improve year over year. Interior build quality is spartan, and the ride quality need some improvement, especially if you are in an area with poor road conditions. if you're really into tech like me, this is the car for you. Performance vehicles I still prefer ICE cars over EV's however. first thing you will notice in an EV though, is the instant torque. that is what will grab you immediately.
If you have questions and need instant feedback join the Tesla discord, I'm active on there and other members can assist with questions you may have: https://discord.com/invite/tesla
Sign up for a Slickdeals account to remove this ad.
Unless you bought EAP or FSD, nothing is "missing" at all from non-USS cars.
If you DID buy those additional options then autopark and the 2 summon features aren't enabled yet but will be in a future SW update.
Last price change was an increase.
Tesla constantly adjusts price based on production and order flow-- current Model Y LR AWD for example is about the same price is was today that it was in mid-2021, so there's no guarantee it'll be higher, or lower, in June but could go either way.
There HAS been some talk in congress about the GOP wanting to gut the IRA, which might impact, or entirely remote, the $7500 tax credit currently available though.
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