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Here Are All the Cars That Qualify for EV Tax Credits

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

2023 Chevrolet Bolt EV front
  • 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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Vehicles Eligible for Tax Credits as of March 18, 2024

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