Here Are All The EVs Eligible Now For The $7,500 Federal Tax Credit

January 1, 2023 brought a new federal tax credit of up to $7,500 for US consumers who are in the market for electric vehicles.Inflation Reduction Act

The full $7,500 tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, $225,000 for heads of households, or $300,000 for married couples filing jointly. Assuming you qualify, let's see what electric vehicles you can buy that allow you to benefit from the full $7,500 tax deduction.

The IRA has also added battery manufacturing requirements, but those haven't been enforced yet; the US Department of Treasury has delayed a decision on applying the battery guidance at least until March 2023.

Practically worthless incentive.

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