--- title: Here Are All the EVs That Qualify for $7,500 Federal Tax Credits in 2023 description: The rules for what EVs qualify for $7,500 federal tax credits just changed. Here are all the electric cars that still qualify. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 599 covers: - Taxes - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Taxes - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-04-28T18:59:45.000Z' modified: '2023-04-28T18:59:45.000Z' section: Taxes tags: - cars - News word_count: 743 canonical: https://money.com/electric-vehicles-qualify-tax-credits-2023/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Tesla car electric charger](https://img.money.com/2023/04/News-EV-Tax-Credit.jpg) Only six [electric vehicles](https://money.com/best-electric-cars/) (EVs) currently still qualify for $7,500 [federal tax credits](https://money.com/2023-ev-tax-credits-save-7500/) after the government changed eligibility requirements in April. Fortunately, the list includes some of the best-selling EVs on the market, including select trims of the Tesla Model Y SUV and [Model 3 sedan](https://money.com/best-electric-cars/#tesla), which were, respectively, the first and second most-sold EVs in 2022. The relatively affordable [Chevrolet Bolt EV/EUV](https://money.com/best-electric-cars/#chevrolet) subcompact hatchback, which ranked fifth for sales last year, also qualifies. (General Motors, however, is discounting the Bolt car after the 2023 model year.) ![Chevrolet Bolt](https://img.money.com/2023/04/Best-Autos-2023-Chevrolet-Bolt.jpg) Certain trims of the 2023 [Ford F-150 Lightning pickup truck](https://money.com/best-electric-pickup-trucks/#ford150) — one of the [best-rated vehicles](https://money.com/ford-lightning-electric-truck-awards/) among auto experts — continue to qualify for the full tax credit, as do all eight trims of the Volkswagen ID.4 SUV, which Money just picked as our [favorite electric SUV for features](https://money.com/best-electric-suvs/). Cadillac’s luxury SUV, the Lyriq, rounds out the list. ## Worried about your electric vehicle? Keep it safe with Car Insurance ### Protect your investment. Click on your state below to get started. [Get Started](https://money.com/pr/j979d5deb1ef?ap_referrer=%2Felectric-vehicles-qualify-tax-credits-2023%2F) ## EV tax credits, explained More than a dozen vehicles, including several from foreign automakers including BMW, Nissan and Hyundai, became ineligible for the full tax credit when the Treasury Department’s [new guidance](https://www.fueleconomy.gov/feg/taxcenter.shtml) came out on April 18. The law governing the tax credits stipulates that vehicles can only qualify if they meet certain battery requirements and pricing thresholds. Additionally, vehicles must be made in North America to qualify for tax credits, which is motivating manufacturers to produce EVs in the continent, according to [Cars.com](https://www.cars.com/articles/what-does-the-ev-tax-credit-overhaul-mean-for-car-shoppers-455406/). Half of the tax credit ($3,750) is contingent on a percentage of an EV’s battery minerals having been extracted or processed in the U.S., “or a U.S. free-trade agreement partner or recycled in North America.” Eligibility for the other half of the credit depends on a percentage of the battery’s components being manufactured and assembled in North America. From Jan. 1, when the tax credits became available, to April 17, when the party came to an end, the government wasn’t enforcing the battery requirements as it worked to determine which vehicles do and don’t satisfy them. In the last couple weeks, the list of qualifying vehicles has already changed again, and the group of vehicles that qualify today may look different in a few months. The Volkswagen ID.4, for example, didn’t initially qualify for the tax credit, but the automaker [resolved the issue](https://www.reuters.com/business/autos-transportation/volkswagen-us-made-id4-models-eligible-full-tax-credit-2023-04-20/) with the government after it secured more documentation from its battery supplier. In addition to the six vehicles that qualify for $7,500 tax credits, four other models — and an additional Tesla Model 3 trim — qualify for half the credit ($3,750). And in the coming months, three new models will come onto the market that will qualify for $7,500 credits. ## Your electric vehicle is an investment — make sure it’s protected ### Get the Car Insurance you need without breaking the bank. Click below to get started. [Get Started](https://money.com/pr/e15eb0e5de6d?ap_referrer=%2Felectric-vehicles-qualify-tax-credits-2023%2F&url=%2Fcar-insurance%2Flp%2Fcar-insurance-match-tool-pub-t2) ## Which EVs qualify for tax credits? ![Ford F-150 Lightning Lariat off-road](https://img.money.com/2023/04/Best-Autos-2023-Ford-F-150-Lightning.jpg) Here are the EVs that can qualify for a $7,500 tax credit: - Cadillac LYRIQ, 2023-2024 (MSRP limit: $80,000) - Chevrolet Bolt/Bolt EUV, 2022-2023 (MSRP limit: $55,000) - Ford F-150 Lighting (Extended Range Battery) + F-150 Lightning (Standard Range Battery), 2022-2023 (MSRP limit: $80,000) - Tesla Model 3 Performance, 2022-2023 (MSRP limit: $55,000) - Tesla Model Y All-Wheel Drive/Model Y Long Range All-Wheel Drive/Model Y Performance, 2022-2023 (MSRP limit: $80,000) - Volkswagen ID.4, 2023 (MSRP limit: $80,000) - Chevrolet Blazer, 2024 *— available summer 2023* (MSRP limit: $80,000) - Chevrolet Equinox, 2024 *— available fall 2023* (MSRP limit: $80,000) - Chevrolet Silverado, 2024 *— available fall 2023* (MSRP limit: $80,000) ![Tesla Model 3](https://img.money.com/2023/04/Best-Autos-2023-Tesla-Model-3.jpg) These EVs can qualify for a $3,750 tax credit: - Ford E-Transit, 2022-2023 (MSRP limit: $80,000) - Ford Mustang Mach-E (Extended Range Battery)/Mustang Mach-E (Standard Range Battery), 2022-2023 (MSRP limit: $80,000) - Rivian R1S, 2023 (MSRP limit: $80,000) - Rivian R1T, 2023 (MSRP limit: $80,000) - Tesla Model 3 Standard Range Rear Wheel Drive, 2022-2023 (MSRP limit: $55,000) ## Which PHEVs still qualify for tax credits? Americans who buy certain [plug-in hybrids (PHEVs)](https://money.com/the-best-plug-in-hybrid-cars/) can also take advantage of tax credits. Two PHEVs qualify for the full credit and four more qualify for a $3,750 credit. Here are the PHEVs that can qualify for a $7,500 tax credit: - Chrysler Pacifica PHEV, 2022-2023 (MSRP limit: $80,000) - Lincoln Aviator Grand Touring, 2022-2023 (MSRP limit: $80,000) These PHEVs can qualify for a $3,750 tax credit: - [Ford Escape Plug-in Hybrid](https://money.com/best-plug-in-hybrid-suvs/#ford), 2022-2023 (MSRP limit: $80,000) - Jeep Grand Cherokee PHEV 4xe, 2022-2023 (MSRP limit: $80,000) - Jeep Wrangler PHEV 4xe, 2022-2023 (MSRP limit: $80,000) - Lincoln Corsair Grand Touring, 2022-2023 (MSRP limit: $80,000) *If you purchased a vehicle before April 18 or have questions about tax credits for used EV purchases, more information is available [here](https://www.fueleconomy.gov/feg/taxcenter.shtml).* ## Car Insurance is an essential protection for you and your car. ### For an insurance policy that fits your budget and your lifestyle, dig around and find the one that suits you best. Just click below and start shopping now. 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