"Changes to Federal Tax Credits for Electric Vehicles: What You Need to Know"
TL;DR Summary
The IRS has updated its list of electric vehicles that qualify for the full tax credit of $7,500. Only General Motors has a complete lineup of EVs that qualify for the credit. Other automakers, including Ford and Tesla, have some models that qualify for partial credits. The new terms require a percentage of battery components to be manufactured or assembled in North America, and each portion of the credit is worth $3,750. There are also income and MSRP limits, and the vehicle must be bought for personal use and primarily used in the US.
- The EVs that still qualify for the full IRS Tax Credit: a complete list TESLARATI
- Some electric vehicles from BMW, Nissan, Hyundai and Volkswagen will no longer get federal tax credits CNBC
- The 6 Or 7 Fully Electric Cars That Now Get $7,500 US EV Tax Credit — Plus New Prices CleanTechnica
- Tax Strategy: Proposed regs for the Clean Vehicle Credit Accounting Today
- Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives CNBC
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