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

pcmag.com:

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, 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