![]() ![]() ![]() What EVs don’t qualify for the new tax credit?Ī small number of models, mostly from foreign brands including Hyundai and Nissan, do not qualify for the new tax credit. Which models are eligible for the new EV tax credit?Ģ022-2023 Ford F-150 Lightning (standard and extended range)Ģ022-2023 Ford Mustang Mach-E (standard and extended range)Ģ022-2023 Tesla Model 3 Standard Range RWD (F), General Motors and Stellantis - plus Tesla Most of the eligible cars so far are made by the “big three” EV automakers in the US - Ford More than a dozen new models and some of their variations are eligible for all or half of the new credit, while a small number of models - mostly foreign-made vehicles - are no longer eligible, for now. Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. ![]() Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify, according to the Monday announcement. The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. ![]()
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