These electric vehicles qualify for $7,500 tax credit under Inflation Reduction...
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These electric vehicles qualify for $7,500 tax credit under Inflation Reduction Act
On Tuesday, President Joe Biden signed the Inflation Reduction Act, a major climate bill that aims to curb inflation while advancing clean energy solutions.
The new law changes which electric vehicles will qualify for the Clean Vehicle Credit; now, only electric vehicles with final assembly in North America will qualify for the $7,500 tax credit.
Manufacturers that have reached the 200,000 electric vehicle credits cap will not qualify until Jan. 1, 2023.
According to the U.S. Department of Energy, here are the electric vehicles that qualify:
2022 Audi Q5.
2022 BMW 3-series Plug-in.
2022 BMW X5.
2022 Chevrolet Bolt EUV, Manufacturer sales cap met.
2022 Chevrolet Bolt EV, Manufacturer sales cap met.
2022 Chrysler Pacifica PHEV.
2022 Ford Escape PHEV.
2022 Ford F Series.
2022 Ford Mustang MACH E.
2022 Ford Transit Van.
2022 GMC Hummer Pickup, Manufacturer sales cap met.
2022 GMC Hummer SUV, Manufacturer sales cap met.
2022 Jeep Grand Cherokee PHEV.
2022 Jeep Wrangler PHEV.
2022 Lincoln Aviator PHEV.
2022 Lincoln Corsair Plug-in.
2022 Lucid Air.
2022 Nissan Leaf.
2022 Rivian EDV.
2022 Rivian R1S.
2022 Rivian R1T.
2022 Tesla Model 3, Manufacturer sales cap met.
2022 Tesla Model S, Manufacturer sales cap met.
2022 Tesla Model X, Manufacturer sales cap met.
2022 Tesla Model Y, Manufacturer sales cap met.
2022 Volvo S60.
2023 BMW 3-series Plug-In.
2023 Bolt EV, Manufacturer sales cap met.
2023 Cadillac Lyriq, Manufacturer sales cap met.
2023 Mercedes EQS.
2023 Nissan Leaf.
Additionally, vehicle owners can look up the build location of their vehicle using the Vehicle Information Number Decoder website.
This article originally appeared on Detroit Free Press: Inflation Reduction Act: These EVs qualify for Clean Vehicle Credit
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