Which electric cars qualify for the tax credits under IRA

Vast majority of electric vehicles won’t be eligible for the full $7,500 tax credit due to the new limitations.

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Only about 15 EV models currently on the market in the U.S. are anticipated to meet the price requirements

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THE ELECTRIC VEHICLES WHICH QUALIFY FOR TAX CREDITS UNDER THE INFLATION REDUCTION ACT ARE

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Cadillac Lyriq Chevrolet Blazer EV Chevrolet Bolt

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Chevrolet Bolt EUV Chevrolet Silverado EV Ford F-150 Lightning

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Ford Mustang Mach-E Nissan Leaf Rivian R1S

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Rivian R1T Tesla Cybertruck Tesla Model 3

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Tesla Model Y Volkswagen ID.4.

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"The $7500 credit might exist on paper, but no vehicles will qualify for this purchase incentive over the next few years" says John Bozzella, CEO of the Alliance of Automotive Innovation.

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Businesses that make these EVs still need to overcome several political and financial challenges like supply chain that complies with the made-in-North America battery sourcing requirements.

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