- The 2025 Tesla Cybertruck is now eligible for the $7500 federal tax credit; the dual-motor variant currently starts at $82,235.
- The EPA’s list of eligible EVs has also expanded to include the 2025 Genesis Electrified GV70, the 2026 Hyundai Ioniq 9, the 2026 Kia EV9, and others.
- While the federal incentive currently helps make new EVs more affordable, the incoming Trump administration reportedly plans to nix the program.
The Tesla Cybertruck just got more affordable. The stainless-steel-bodied electric pickup truck is now eligible for the $7500 federal tax credit. It applies to the dual-motor Cybertruck, which for the 2025 model year starts at $82,235. An upcoming single-motor variant is also eligible, according to the EPA’s list, but that rear-drive model isn’t yet on sale and Tesla hasn’t confirmed a price.
The Cybertruck isn’t the only new EV now eligible for the federal incentive. It’s joined by several models from Hyundai, Kia, and Genesis. The 2025 Genesis Electrified GV70 starts at $66,950, but the fancier version has a $73,750 initial ask. The 2025 Hyundai Ioniq 5 lineup also benefits from the tax credit, which shrinks prices that range from $43,975 for the base model to $67,575 for the 641-hp Ioniq 5 N.
Hyundai hasn’t said how much the 2026 Ioniq 9 will cost, but when the three-row EV SUV goes on sale sometime early this year, it’ll be eligible for the $7500 credit. The refreshed Kia EV6 and the Kia EV9 are also newly eligible, but we’re still waiting on pricing for the 2026 models. Currently, the 2024 EV6’s prices range between $43,975 and $62,975, while the 2025 EV9’s range between $56,395 and $75,395.
The federal EV tax credit—part of the Inflation Reduction Act passed by the Biden administration—is administered by the Internal Revenue Service. It can be taken at the point of sale or used to reduce the buyer’s tax bill. Qualifying EVs must be built in North America. Cars need to have an MSRP of $55,000 or less; light trucks and SUVs must cost less than $80K. Since the U.S. Department of Treasury classifies leases as commercial vehicles, that provides a loophole. However, the incoming Trump administration reportedly plans to get rid of the federal tax credits for EVs and plug-in-hybrid vehicles, so it remains to be seen how long the program will remain in effect.
Features:
- Performance:
- Single Motor RWD: 0 to 60 mph in approximately 6.5 seconds.
- Dual Motor AWD: 0 to 60 mph in about 4.1 seconds.
- Cyberbeast: 0 to 60 mph in 2.6 seconds, making it one of the quickest trucks available.
- Range:
- Single Motor RWD: Estimated range of 250 miles.
- Dual Motor AWD: Estimated range of 300 miles.
- Cyberbeast: Estimated range of 320 miles.
- Towing Capacity:
- Single Motor RWD: Up to 7,500 pounds.
- Dual Motor AWD: Up to 11,000 pounds.
- Cyberbeast: Up to 11,000 pounds.
- Payload Capacity: All models can handle up to 2,500 pounds in the cargo bed.
- Design and Durability:
- Exoskeleton made of ultra-hard 30X cold-rolled stainless steel.
- Armored glass for enhanced durability.
- Interior:
- Seating for up to six adults.
- Advanced infotainment system with a large touchscreen display.
Comparison with Competitors:
- Ford F-150 Lightning:
- Starting Price: Around $49,875.
- Range: Up to 300 miles.
- Towing Capacity: Up to 10,000 pounds.
- Rivian R1T:
- Starting Price: Approximately $71,700.
- Range: Up to 400 miles.
- Towing Capacity: Up to 11,000 pounds.
- GMC Hummer EV Pickup:
- Starting Price: Around $98,845.
- Range: Up to 350 miles.
- Towing Capacity: Up to 7,500 pounds.
The Tesla Cybertruck stands out with its unique design, impressive acceleration, and competitive towing capacities. However, its pricing is higher than some competitors, and its unconventional appearance may not appeal to all buyers.
For a more in-depth review of the 2025 Tesla Cybertruck, you might find the following video helpful: