+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeNewslettersNextShare

The list of EVs eligible for a tax credit just got a lot shorter. Here's the 13 left.

  • You can still get the full $7,500 federal tax credit on some popular EVs.
  • New restrictions on materials from China have shrunk the list of EVs eligible for the full credit.

New requirements for a $7,500 federal tax credit on electric vehicles kicked in on January 1, and the list of eligible vehicles just got a lot shorter.

Under the new rules, it's harder to get the full $7,500 credit if a car contains materials from China and other countries that the Treasury Department has labeled a "foreign entity of concern."

Many automakers are racing to build US battery factories to reduce their reliance on Chinese suppliers, but these companies are still years from being able to produce an electric vehicle without materials and components from China.

That means a lot of very popular electric vehicles, like Ford's Mustang Mach-E and most versions of Tesla Model 3, are no longer eligible for the tax credit. Many of GM's new EVs on its Ultium battery platform, like Chevrolet's Blazer EV and Cadillac Lyric, also don't qualify.

Changes to the electric vehicle tax credit under the Biden Administration have led to creative tactics by shoppers and dealers to ensure the maximum level of incentives for every electric car.

You can check what a vehicle qualifies for by entering its VIN at fueleconomy.gov.

Here are the 13 vehicles still eligible for at least a partial credit.

Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!