These electric vehicles qualify for $7,500 tax credit under Inflation Reduction Act

These electric vehicles qualify for $7,500 tax credit under Inflation Reduction Act

On Tuesday, President Joe Biden signed the Inflation Reduction Act, a major climate bill that aims to curb inflation while advancing clean energy solutions.

 

The new law changes which electric vehicles will qualify for the Clean Vehicle Credit; now, only electric vehicles with final assembly in North America will qualify for the $7,500 tax credit.

 

Manufacturers that have reached the 200,000 electric vehicle credits cap will not qualify until Jan. 1, 2023.

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According to the U.S. Department of Energy, here are the electric vehicles that qualify:

  • 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
  • 2023 Nissan Leaf
2022 Ford F-150 Lightning
© Mark Phelan/Detroit Free Press2022 Ford F-150 Lightning

Additionally, vehicle owners can look up the build location of their vehicle using the Vehicle Information Number Decoder website.

This article originally appeared on Detroit Free Press: These electric vehicles qualify for $7,500 tax credit under Inflation Reduction Act

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