Model Y price is cheapest ever at $23,550 with new WA state rebate as Tesla adds Quicksilver color option

A new program for instant EV purchase or lease rebates has been launched by the Washington State Department of Commerce. These rebates can amount to a $9,000 discount for 3-year leases. The rebate is $5,000, and qualified buyers do not have to pay the state tax for shorter leases or direct purchases. Tesla Model Y fans in the US have two motivations to celebrate about the world's top of the line vehicle.

 

After introducing this multi-coat color along with the Midnight Cherry Red option in Europe, Tesla now offers inventory Model Y units in the color Quicksilver. However, the new Model Y color comes at an additional cost of $2,000, and it is not free. However, a brand-new instant state rebate that brings the cost of a brand-new Model Y to levels comparable to those of the rumored Model 2 is more exciting. Rather than sending off a $25,000 vehicle, Tesla can now boast that it is offering the least expensive Model Y in the country underneath that sticker price with Washington State's new, up to $9,000 moment EV refund.

 

These incentives, which can be combined with the $7,500 federal tax credit and the $2,557 state sales tax rebate, bring the price of a stock Model Y from $42,610 down to an incredible $23,553 for a three-year lease, or $4,000 more if purchased outright or leased for less than three years. That's the price of the cheapest used Tesla Model 3 available from ongoing fire sales at rental companies. The admonition? Family pay. "Under the new program, Washington inhabitants procuring up to $45,180 every year for a solitary individual or $93,600 for group of four, are qualified to get up to $9,000 for another EV rent of three years or more, or up to $5,000 for new EV buys or two-year leases," says the Washington State Division of Business, with leases presently beginning from just $56/month:

 

1. Toyota bZ4X: $56/month

2. Hyundai Kona: $78 per month

3. Nissan Leaf: $87 per month

4. $93/month for the Hyundai Ioniq 6

5. Subaru Solterra: $123/month

6. Tesla Model 3: $127/month

7. Kia Niro Wind: $135/month

8. Model Y by Tesla: $207 per month

 

It continues, "Used EVs are also eligible for a $2,500 rebate on both leases and purchases." The federal tax credit, which is $150,000 for single or married individuals filing separately, has a much higher income threshold. The liberal $9,000 refund is clearly focused on at the middle family pay in Washington State, which was $91,306 in 2022. Additionally, the fine print states that "program outreach will prioritize eligible residents living in communities that face worse health impacts from vehicle pollution, and workers who drive more than 19,000 miles a year for work." Indeed, even without the new state discounts, in any case, the Model X and Model Y are presently the least expensive they've at any point been, after Tesla cut its EV costs no matter how you look at it once more. It makes at a fairly glaring cost inconsistency with the base Model 3 High country, however, which doesn't meet all requirements for the government tax reduction because of its Chinese batteries.