Here Are the Electric Vehicles That Are Eligible for the $7,500 Federal Tax Credit

The US Treasury has updated the list of electric vehicles and plug-in hybrid EVs that qualify for some or all of the $7,500 federal tax credit, and there are now just a handful of cars that meet the strict battery sourcing requirements.

For a vehicle to qualify for the full $7,500 credit after April 18, it must have at least 40% of its minerals sourced from North America or a free trade partner (like Japan), and 50% of battery components sourced from North America.

Meeting just one of these terms cuts the credit amount in half to $3,750—assuming the vehicle also meets other requirements, such as domestic assembly and an MSRP under $55,000 for sedans and $80,000 for SUVs, as well as income under $150,000 for individuals, $225,000 for head of household, and $300,000 for married or jointly filing. Even if a vehicle meets these other terms but not the battery requirements, it does not qualify for any part of the credit.

The new battery rules apply to all vehicles put in service after April 18. That means even if buyers ordered a vehicle online before this date assuming it would qualify, if they receive it after April 18, they can no longer claim the credit when filing taxes next year.

Here’s the full list of EVs and PHEVs that qualify for the credit. Note, this list will grow as automakers continue to apply for eligibility. But on the downside, the requirements become even stricter next year, so 2024 versions of these same vehicles could drop off the list.

Ford, Tesla, GM Retain Full Eligibility on Top-Sellers

Chevrolet Bolt EUV
(Credit: Emily Dreibelbis)

Ford, Tesla, and General Motors retain eligibility for the full $7,500 on today’s top-selling EVs: the Tesla Model Y, Chevrolet Bolt EV and EUV (made by GM), and Ford F-150 Lightning. GM’s 2024 EV lineup—including the Chevy Blazer, Equinox, and Silverado—also make the cut.

“We are thrilled to share that qualifying customers will have access to the full $7,500 credit across our entire EV fleet under the MSRP cap in 2023,” says(Opens in a new window) General Motors.

Ford Mach-E, Tesla Model 3 SR Get Half Credit

Ford Mustang Mach-E
(Credit: Emily Dreibelbis)

In a tough break for Tesla and Ford, two of their popular vehicles will only qualify for $3,750: the cheapest Tesla available—the Model 3 with standard range and rear wheel drive—and the Ford Mustang Mach-E in both standard and extended range.

The most popular plug-in hybrids in America, the Jeep 4xe lineup, also got a demotion. They will now qualify for $3,750 after April 18 whereas they used to claim the full $7,500.

BMW, Rivian, Volkswagen, Others Don’t Make the List

Volkswagen ID.4
(Credit: Emily Dreibelbis)

A few key manufacturers and vehicles dropped off the list after today’s update, including the Nissan Leaf, Rivian R1T, Rivian R1S, Volkswagen ID.4, and Genesis G70 Electrified. These fully electric vehicles are now ineligible until further notice, though that may change.

“We are fairly optimistic that the Volkswagen ID.4 will qualify for a federal tax credit,” Mark Gillies, director of public relations at Volkswagen, tells PCMag. “We are awaiting the proper documentation from a supplier to determine its eligibility for the credit.”

One saving grace for Rivian buyers who have been waiting months and years for their EVs: if they placed orders before Aug. 16, 2022—when the Inflation Reduction Act on which these tax credit rules are based became law—they’re still eligible to get the credit(Opens in a new window).

“I signed a binding agreement with Rivian before the new eligibility rules, which locked me into the old eligibility rules,” says Jawad Ali, who is currently in line for a Rivian R1T. “Selfishly, I’m pretty happy about that.”

Others aren’t so lucky. “It affects R1 reservations that were waiting for future $80k configs. In my case I was hoping for a dual-motor silver large pack with 21’s later this year, and was crossing my fingers that some sort of rebate would still be available,” wrote a Reddit user(Opens in a new window).

Many plug in-hybrids also no longer qualify: the BMW 330e, BMW X5 xDrive45e, Audi Q5 TSFI e Quattro, Volvo S60 Recharge, and Volvo S60 T8 Recharge.

EVs That Qualify for the Full $7,500 Credit

• Cadillac Lyriq

• Chevrolet Bolt

• Chevrolet Bolt EUV

• Chevrolet Blazer (avail. 2024)

• Chevrolet Equinox (avail. 2024)

• Chevrolet Silverado (avail. 2024)

• Ford F-150 Lightning Extended Range

• Ford F-150 Lightning Standard Range

• Tesla Model 3 Performance

• Tesla Model Y All-Wheel Drive

• Tesla Model Y Long Range All-Wheel Drive

• Tesla Model Y Performance

PHEVs That Qualify for the Full $7,500 Credit

EVs That Qualify for the $3,750 Half Credit

• Ford Mustang Mach-E Standard Range

• Ford Mustang Mach-E Extended Range

• Ford E-Transit

• Tesla Model 3 Standard Range Rear Wheel Drive

PHEVs That Qualify for the $3,750 Half Credit

See fueleconomy.gov(Opens in a new window) for more details, including eligible model years (all are 2022-2023 besides the Chevy lineup debuting in 2024 as noted above), applicable MSRP limit, and confirmed North American assembly.