Here Are All the Cars That Qualify for EV Tax Credits

More EVs and PHEVs are being added, but the list is still short

written by Cameron Rogers^{Manager, News
Cameron Rogers has worked in the automotive industry since 2013. He has tested and reviewed hundreds of vehicles over the course of his career. Today, he leads the news team in developing cutting-edge news articles, opinion pieces and sneak peeks at upcoming vehicles. Favorite cars that he's driven during his tenure at Edmunds include the 991-era Porsche 911 Turbo S, Rolls-Royce Ghost and several generations of Honda Odyssey (really).}
4/17/2023(updated 4/4/2024)
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The Department of Energy released a full list of new cars that qualify for an EV tax credit.
Only a handful of vehicles are now eligible, provided that buyers also meet certain requirements.
The most recent changes went into effect on January 1, 2024.

The Inflation Reduction Act of 2022 changed which new fully electric and plug-in hybrid vehicles were eligible for federal tax credits starting on April 18, 2023. At the time, the U.S. Department of Energy released a list of which new vehicles still qualified for tax credits when purchased on or after April 18, but new requirements changed that list for all vehicles put into service on or after January 1, 2024. Here are all the EVs and PHEVs that still qualify for tax credits.

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EV ownership works best if you can charge (240V) at home or at work ^{This typically means a 240V home installation, but you could also have a similar setup at your office or other places your car is already parked for several hours each day. Don't expect a regular household outlet (120V) to suffice unless you've got a plug-in hybrid, in which case overnight charging at home is feasible.}
If you can’t charge at home, charging at a charging station could take at least 10x longer than at a gas station ^{With public charging infrastructure still in its infancy, the user experience can be maddeningly inconsistent. Tesla owners tend to rave about the reliability and speed of the company's proprietary Supercharger stations, but rival DC fast options have thus far been plagued by technical issues and overcrowding. It's an evolving landscape and our best advice is to do your research on the available options for the EV you want to buy.}
Adding a 240V home charging system could cost up to $1,600 or more ^{If your existing electrical service can handle the additional demands of EV charging, you may be able to add Level 2 charging at home for less than a grand, including installation. But your costs will multiply if you need to upgrade your electrical panel or add a dedicated circuit.}

Vehicles Eligible for Tax Credits as of March 18, 2024


Model Year	Vehicle	Credit Amount	Applicable MSRP Limit
2024	Acura ZDX	$7,500	$80,000
2023-2024	Audi Q5 PHEV	$3,750	$80,000
2024	Cadillac Lyriq	$7,500	$80,000
2024	Chevrolet Blazer EV	$7,500	$80,000
2022-2023	Chevrolet Bolt EV	$7,500	$55,000
2022-2023	Chevrolet Bolt EUV	$7,500	$55,000
2024	Chevrolet Equinox EV	$7,500	$80,000
2022-2024	Chrysler Pacifica PHEV	$7,500	$80,000
2022-2024	Ford Escape PHEV	$3,750	$80,000
2022-2024	Ford F-150 Lightning	$7,500	$80,000
2024	Honda Prologue	$7,500	$80,000
2022-2024	Jeep Grand Cherokee 4xe	$3,750	$80,000
2022-2024	Jeep Wrangler 4xe	$3,750	$80,000
2022-2024	Lincoln Corsair Grand Touring	$3,750	$80,000
2024	Nissan Leaf	$3,750	$55,000
2023-2024	Rivian R1S Large pack	$3,750	$80,000
2023-2024	Rivian R1T Large and Max packs	$3,750	$80,000
2023-2024	Tesla Model 3 Performance	$7,500	$55,000
2023-2024	Tesla Model X Long Range	$7,500	$80,000
2023-2024	Tesla Model Y	$7,500	$80,000
2023-2024	Volkswagen ID.4	$7,500	$80,000

The DoE notes that "the availability of the credit will depend on several factors, including the vehicle's MSRP, its final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (MAGI)."

While most of these factors determine whether the vehicle is eligible for tax credits in the first place, the individual buyer must also qualify. Per the DoE, buyers must buy the vehicle for their own use and primarily drive it in the U.S. In addition, for new vehicles, your AGI must not exceed $300,000 for couples filing jointly, $225,000 for heads of households, or $150,000 for all other filers. The MSRP must also fall below the maximum threshold set by the bill (note that destination and handling fees, as well as any dealer add-on accessories, taxes and other fees are not included in the MSRP).

All of these rules apply to buyers of new electric vehicles. There are also tax credits available for used EVs and PHEVs — a full list and qualifying information are available on the DoE's website.

There also may be a loophole for shoppers looking to lease (rather than buy) an EV or PHEV that may not be on this list. For full details, check out our article about the ins and outs of electric vehicle tax credits.

Edmunds says

There aren't many all-electric or plug-in hybrid vehicles that still qualify for tax credits, so it is important to know what's available to save you money. If you're shopping for an EV or PHEV, Edmunds keeps a detailed list of state, local, federal, and manufacturer incentives all in one place.

by Cameron Rogers

Cameron Rogers has worked in the automotive industry since 2013. He has tested and reviewed hundreds of vehicles over the course of his career. Today, he leads the news team in developing cutting-edge news articles, opinion pieces and sneak peeks at upcoming vehicles. Favorite cars that he's driven during his tenure at Edmunds include the 991-era Porsche 911 Turbo S, Rolls-Royce Ghost and several generations of Honda Odyssey (really).