Only 12 electric and plug-in hybrid cars will qualify for the full tax credit in the U.S. out of 90 available EV options on the market under the latest Internal Revenue Service clean-vehicle tax-credit rules.
The clean-vehicle tax credit program offers an incentive of up to $7,500 for the purchase of a new battery-electric vehicle, a plug-in hybrid, or a hydrogen fuel cell EV, albeit with certain conditions including the automaker to meet a requirement for domestic content in those vehicles’ battery packs.
The new conditions caused numerous vehicles that previously qualified to lose their eligibility.
This week, the White House released the list of EVs that currently qualify for the full $7,500 federal tax credit. Out of more than 90 EV models on the market today, only 12 made it onto the list and they are all from U.S. automakers. An additional seven are eligible for a $3,750 tax credit.
Out of the 12, ten are fully electric and two are plug-in hybrids.
The list – in alphabetical order – reads as follows:
Cadillac Lyriq
Chevrolet Blazer
Chevrolet Bolt
Chevrolet Bolt EUV
Chevrolet Equinox
Chevrolet Silverado (pickup truck)
Chrysler Pacifica
Ford F-150 Lightning (pickup truck)
Lincoln Aviator Grand Touring
Tesla Model 3
Tesla Model Y
Volkswagen ID.4
The nine that are only eligible for the $3,750 because their batteries only meet half of the content requirement are as follows:
Ford Escape PHEV
Ford E-Transit
Ford Mustang Mach-E
Jeep Wrangler 4xe
Jeep Grand Cherokee 4xe
Lincoln Corsair Grand Touring PHEV
Rivian R1S
Rivian R1T
Tesla Model 3 Standard Range
(Photo: Accura Media Group)
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