The Department of Energy’s Full List of Electric Vehicles that Currently Qualify for the Credit

In an effort to encourage electric vehicle production and mass adoption, the Inflation Reduction Act was recently signed. This new piece of legislation only allows certain electric vehicles to qualify for $7,500 in tax credits. The fact is that there are many qualifications that seem to "evolve" over time and based on many variables.

Some things to consider are:

  • The vehicle must be assembled in North America.
  • Some vehicles won’t qualify for the tax credit again until Jan. 1, 2023 because several manufacturers have already reached the 200,000 vehicle-cap for this year’s credit.
  • In 2023, the credit will only be available to individuals earning less than $150,000 per year or married couples earning less than $300,000.
  • Also is starting next year, the tax credit will only be offered on electric cars costing less than $55,000 and electric trucks and SUVs costing less than $80,000.

Here’s a look at the vehicles that currently qualify for the new $7,500 electric vehicle credit.

—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 SUV

—2023 Nissan Leaf