what cars qualify for ev tax credit

1 year ago 51
Nature

Here is a list of resources that provide information on which electric vehicles qualify for the EV tax credit:

  • The IRS website states that you may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV or fuel cell electric vehicle.
  • Consumer Reports provides a list of new and used EVs that may qualify for a tax credit of up to $7,500. They also list some EVs and PHEVs that may qualify for a partial tax credit of $3,750.
  • Electrek reports that starting January 1, 2023, qualifying used EVs priced below $25,000 can qualify for up to $4,000 in federal tax credits.
  • CNET reports that there is a price cap on qualifying EVs. For passenger cars, the manufacturers suggested retail price, or MSRP, must be $55,000 or less.
  • Cars.com lists some EVs that are still eligible for the $7,500 federal tax credit, including the 2022-23 Ford Escape PHEV, 2022-23 Ford F-150 Lightning EV, and 2022-23 Ford Mustang Mach-E EV.
  • Investors.com provides a list of all the 2023 and 2024 cars and trucks that qualify for the $7,500 EV tax credit.

It's important to note that the rules and regulations surrounding the EV tax credit can change, so it's always a good idea to check with the IRS or a reputable source for the most up-to-date information.