Which Electric Cars Are Still Eligible For The 7500 Federal Tax Credit

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Most pure electric and plug in hybrid vehicles regardless of battery material origins or where the vehicle was manufactured are eligible for the full 7 500 tax credit if they are leased

Consumer Reports details the list of 2023 and 2024 model year electric vehicles and plug in hybrids that qualify for federal tax credits of up to 7 500 under the Inflation

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Which Electric Cars Are Still Eligible For The 7 500 Federal Tax

The IRS has given automakers a little more wiggle room around which electric vehicles will qualify for a federal tax credit worth up to 7 500 The change which gives

The list of cars eligible for the full 7500 tax credit shrank to 14 unique models As of January 1 2024 that list has dwindled to a meager four cars

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Which Electric Cars Are Still Eligible For The 7 500 Federal Tax

You can still get the full 7 500 federal tax credit on some popular EVs New restrictions on materials from China have shrunk the list of EVs eligible for the full credit

Only six battery electric models will initially qualify for the full 7 500 credit starting Cadillac Lyriq Chevy Bolt EV and EUV certain versions of the Tesla Model 3 and Model Y Ford

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