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Here Are All the EVs and Plug-Ins That Still Qualify for Tax Credits

List of eligible new vehicles is significantly shorter

  • The Department of Energy released a list of new all-electric and plug-in hybrids that qualify for tax credits.
  • Only a handful of vehicles are now eligible, provided that buyers also meet certain requirements.
  • Changes go into effect on April 18, 2023.

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. Myriad stipulations made it difficult to determine which vehicles were affected, but now, one day before the bill goes into effect, the U.S. Department of Energy has released a list of which new vehicles still qualify for tax credits when purchased on or after April 18.

Vehicles Eligible for Tax Credits as of April 18, 2023

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Model Year
Credit Amount
Applicable MSRP Limit
2023-2024Cadillac Lyriq$7,500$80,000
2024Chevrolet Blazer EV$7,500$80,000
2022-2023Chevrolet Bolt$7,500$55,000
2022-2023Chevrolet Bolt EUV$7,500$55,000
2024Chevrolet Equinox EV$7,500$80,000
2024Chevrolet Silverado EV$7,500$80,000
2022-2023Chrysler Pacifica PHEV$7,500$80,000
2022-2023Ford E-Transit$3,750$80,000
2022-2023Ford Escape PHEV$3,750$80,000
2022-2023Ford F-150 Lightning$7,500$80,000
2022-2023Ford Mustang Mach-E$3,750$80,000
2022-2023Jeep Grand Cherokee 4xe$3,750$80,000
2022-2023Jeep Wrangler 4xe$3,750$80,000
2022-2023Lincoln Aviator Grand Touring$7,500$80,000
2022-2023Lincoln Corsair Grand Touring$3,750$80,000
2022-2023Rivian R1S$3,750$80,000
2022-2023Rivian R1T$3,750$80,000
2022-2023Tesla Model 3 Performance$7,500$55,000
2022-2023Tesla Model 3 Standard Range RWD$3,750$55,000
2022-2023Tesla Model Y$7,500$80,000
2023Volkswagen 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 (AGI)."

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, 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 or leasees 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. But if you're in the market for one of these EVs or PHEVs, your savings could be substantial.