A partial list of all the EVs that qualify for the new $7,500 tax credit

As of January 1st, 2023, a bunch of electric vehicles became eligible for the $7,500 tax credit, which was passed into law a year ago.

When the sales cap of 200,000 vehicles was reached, some models on the list lost their eligibility. One of the important requirements is that others have recently shifted their production to North America.

There's still a lot to be decided.

The Treasury Department has a March deadline for releasing guidance on some of the thornier issues surrounding battery material sourcing and other rules that could drastically reduce the eligibility list if enacted, but for now, these are the EV that qualify.

The Biden administration is under pressure from foreign manufacturers to give them a piece of the action, while Senator Joe Manchin is trying to prevent companies from exploiting loopholes. Some versions of the Model Y that exceed the $80,000 price cap don't qualify, even though a bunch of hybrid Jeeps do.

If you don't know if the new EV qualifies for the credit, talk to an accountant. Every state has CPAs that are familiar with the EV tax credit craziness and can help you navigate the murky waters. They can let you know what state incentives are available.

The list is a good start, but not the final one.

There is a tax credit for electric vehicles.