Which Electric Vehicles Are Eligible for $7,500 Federal Tax Credits? Here’s the List.

📆 4/17/2023 11:59 PM
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The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify.

2022-2023 Tesla Model Y AWDWhat EVs don’t qualify for the new tax credit?

There are two major requirements that auto makers need to meet if they want their EVs to be eligible for the $7,500 tax credit: a critical mineral requirement and a battery component requirement, which are each worth $3,750. Administration officials and experts agree the rules are incredibly complicated to implement in a very short timeframe.Which countries can the materials come from under the new EV tax credit rule?

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