Only 10 Electric Vehicles Qualify for Full $7,500 US Tax Credit
Only 10 Electric Vehicles Qualify for Full $7,500 US Tax Credit Eight EVs, two plug-in hybrids are in line for $7,500 perk Tax credit will shrink or disappear for purchasers of most EVs The Future of Solar Cars Ari Natter and Keith Laing April 17, 2023 at 8:00 AM MDT Updated on April 17, 2023 at 11:06 AM MDT Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the US after stricter battery-sourcing rules take effect and render most plug-in models ineligible. General Motors Co. , Tesla Inc. and Ford Motor Co. all have at least one EV that will qualify, while Ford and Stellantis NV each have one eligible plug-in hybrid model. No other automakers will have a vehicle for sale that fully meets the criteria that were finalized last month and will kick in on Tuesday, according to the Treasury Department. The Short Li...