The base, the Long Range and the Performance Model Y vehicles now cost $3,000 less than before. The base Model Y will now set buyers back $46,990, while the Long Range and Performance vehicles now cost $49,990 and $53,990, respectively.

The full list of vehicles that qualify for the $7,500 clean vehicle tax credit is:

• Cadillac Lyriq
• Chevrolet Bolt
• Chevrolet Bolt EUV
• Chevrolet Silverado EV
• Chevrolet Equinox EV
• Chrysler Pacifica PHEV
• Ford F-150 Lightning
• Lincoln Aviator Grand Touring PHEV
• Tesla Model 3 Performance
• Tesla Model Y

Seven other plug-in vehicles are eligible for $3,750 of the tax credit, as they satisfy half of the domestic battery requirements. These models are:

• Ford Escape PHEV
• Ford E-Transit
• Ford Mustang Mach-E
• Jeep Wrangler 4xe
• Jeep Grand Cherokee 4xe
• Lincoln Corsair Grand Touring PHEV
• Tesla Model 3 Standard Range

“Currently, Texas uses the gasoline/diesel fuel tax to fund transportation projects; however, with the growing use of EVs, the revenue from the fuel tax is decreasing, which diminishes our ability to fund road improvements for all drivers,” said the bill’s author, Republican State Senator Robert Nichols, in comments about the legislation, per local NBC News affiliate KXAN.

But, compared with what gas drivers contribute, Texas’s EV fees seem a little out of whack. Charging $200 per year and $400 at the outset of EV ownership places Texas’s fee schedule at the higher price end of the policies out there. In comparison, Texas’s gas tax is among the lowest in the country, at just $0.20 per gallon. Just seven states impose a lower duty on gasoline than TX. Among the 10 most populous states in the country, additional fees levied elsewhere make Texas’s gas the cheapest.

The average Texas driver burned through ~55 million BTUs of motor gasoline in 2018, according to data from the U.S. Energy Information Administration. That’s equal to about 440 gallons of gas. At $0.20 per gallon, the standard car owner in Texas is paying just $88 per year in gas taxes—far less than the hundreds more EV drivers will now be throwing into the pot. A 2022 Consumer Reports analysis determined that a Texas driver’s gas tax contribution is even lower, at just $71.

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