Sixteen new models and some of their variations are eligible for all or half of the new credit, while nine models mostly foreign-made vehicles are no longer eligible, for now. Most of the eligible cars so far are made by the “big three” EV automakers in the US Ford, General Motors and Stellantis plus Tesla.
Here are the EV models eligible for new tax credits up to $7,500 siliconvalley.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconvalley.com Daily Mail and Mail on Sunday newspapers.
The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify. Plus: a separate tax credit applies to used EVs,
Ahead of the new rules going into effect tomorrow, April 18, here’s the complete list of vehicles currently qualifying for the $7,500 tax credit amount on purchases.