As sales of electric vehicles continue to surge, many new and prospective customers have questions about qualifying for federal

A dealer can apply the tax credit to any leased electric vehicle, no matter where it's made, to reduce a customer's monthly payment.

The Treasury Department has confirmed the Tesla Model 3 is eligible for the full $7,500 electric vehicle tax credit. In the state of California, that makes it less expensive than the gas-powered Toyota Camry,

Changes to Tesla's battery supply chain has brought the electric automaker's Model 3 within the guidelines qualifying it for federal tax credits.

Tesla has made significant changes to its battery supply chain, enabling all versions of the Model 3 to qualify for tax credits.

Tesla's rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal credits that, along with other tax breaks, could lower its price to less than a Toyota Camry.

Tesla stock surged on Wednesday on news that consumers can now get a $7,500 federal EV tax credit for Model 3 sedans.