Ten EVs will fully qualify for the updated electric-car credit when it takes effect Tuesday and nine will qualify for partial credit, down from 27 vehicles that qualified Monday. Which is to say, time’s ticking if you wanted the feds to chip in on that new Rivian, Nissan, BMW, or other models.
The U.S. Treasury Department on Monday released its list of eligible vehicles under its updated formula for calculating eligibility for the full credit. Vehicles must be assembled in North America to qualify for half of the credit while the other half is contingent on battery materials sourced from North America or a free trade-friendly country. That last requirement will be the toughest for EV makers to comply with, at least initially, and will disqualify tomorrow some cars eligible today.
That’ll be the case for the popular Tesla Model 3, but only for certain versions. For example, the Model 3 Performance version will qualify for the full $7,500 incentive but not the Standard Range Version, which uses a different battery sourced from China.
The 2023 Chevrolet Bolt, which is already one the most affordable EV on sale, will stay that way after qualifying for a full credit. Several GM models, including the Cadillac Lyriq, Chevrolet Blazer, and Equinox qualify for the entire credit. Only one model from Stellantis qualifies: the Chrysler Pacifica Plug-In Hybrid, while the plug-in Jeeps—Grand Cherokee and Wrangler—only qualify for half of the EV credit. The Ford Mustang Mach E only qualifies for half of the EV credit, while the F-150 Lightning retains the full $7,500 credit.
Full $7,500 credit:
- 2022-23 Chrysler Pacifica Plug-in Hybrid
- 2022-23 Ford F-150 Lightning
- 2022-23 Lincoln Aviator Grand Touring
- 2022-23 Chevrolet Bolt and Bolt EUV
- 2023-24 Cadillac Lyriq
- 2024 Chevrolet Silverado
- 2024 Chevrolet Blazer
- 2024 Chevrolet Equinox
- 2022-23 Tesla Model 3 Performance
- 2022-23 Tesla Model Y All-Wheel Drive
- 2022-23 Tesla Model Y
Partial $3,750 credit:
- 2022-23 Jeep Wrangler Plug-in Hybrid 4xe
- 2022-23 Grand Cherokee Plug-in Hybrid 4xe
- 2022-23 Ford E-Transit
- 2022-23 Ford Mustang Mach-E
- 2022-23 Ford Escape Plug-in Hybrid
- 2022-23 Lincoln Corsair Grand Touring
- 2022-23 Tesla Model 3
Ineligible
- 2023 Audi Q5 TFSI e Quattro Plug-in Hybrid
- 2021-23 BMW 330e Plug-in Hybrid
- 2021-23 BMW X5 xDrive45e Plug-in Hybrid
- 2023-24 Genesis GV70
- 2021-23 Nissan Leaf
- 2023 Nissan Ariya
- 2022-23 Rivian R1S
- 2022-23 Rivian R1T
- 2023 VW ID4
- 2022-23 Volvo S60
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