These Are The Only EVs That Qualify For Federal Tax Credits From Today

Just over a dozen fully electric vehicles are eligible for a $7,500 tax credit in the U.S. from Tuesday, after the fresh guidance on battery sourcing issued by the Treasury Department last month. 

Among plug-in hybrid electric vehicles, only Stellantis‘ Chrysler Pacifica PHEV and Ford‘s Lincoln Aviator Grand Touring are eligible for full credit.

Prior to the new guidance, around 40 models from 21 different makers were eligible for tax credits.

Under the new guidelines, the credit amount will depend on whether the vehicle meets the critical mineral and/or battery component requirements. If a vehicle meets both requirements, it may qualify for the full $7,500 credit.

See Also: Everything You Need To Know About Tesla Stock

Several EVs, including Ford Mustang Mach-E and Ford E-Transit, are eligible for a half credit of $3,750. With regards to Tesla Model 3, its Performance Range is eligible for full credit, and Standard Range for half the credit.  

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