Updated List of Eligible Electric Vehicles for the Federal Tax Credit – The Global Tofay

Updated List of Eligible Electric Vehicles for the Federal Tax Credit - The Global Tofay Global Today

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If you purchase a new all-electric, plug-in hybrid, or fuel cell electric vehicle in 2023 or later, you may be able to claim a federal income tax credit of up to $7,500. However, eligibility for the credit depends on several factors, such as the vehicle’s manufacturer suggested retail price (MSRP), where it was assembled, and how its battery components and critical minerals were sourced. Additionally, the credit amount may be subject to reduction based on your modified adjusted gross income (AGI).

Pre-owned vehicles purchased in 2023 or after are eligible for a tax credit of up to $4,000.

Changes to this list are ongoing, some qualified manufacturers have yet to submit information on eligible vehicles that meet the requirements for vehicles placed in service on or after April 18, 2023. Please check back for updated information.

Federal Tax Credits for Plug-In Electric Vehicles Purchased in 2023 or after

(Vehicle placed into service on or after April 18, 2023)



ModelYearVehicle TypeCredit Amount
Cadillac
LYRIQ2023-2024BEV$7,500
Chevrolet
Blazer2024 (Not In Production Yet)BEV$7,500
Bolt EV2022-2023BEV$7,500
Bolt EUV2022-2023BEV$7,500
Equinox2024 (Not In Production Yet)BEV$7,500
Silverado2024 (Not In Production Yet)BEV$7,500
Chrysler
Pacifica PHEV2022-2023PHEV$7,500
Ford
E-Transit2022-2023BEV$3,750
Escape PHEV2022-2023PHEV$3,750
F-150 Lightning2022-2023BEV$7,500
Mustang Mach-E2022-2023BEV$3,750
Jeep
Grand Cherokee PHEV2022-2023PHEV$3,750
Wrangler 4xe PHEV2022-2023PHEV$3,750
Lincoln
Aviator Grand Touring PHEV2022-2023PHEV$7,500
Corsair Grand Touring2022-2023PHEV$3,750
Rivian
R1S2023EV$3,750
R1T2023EV$3,750
Tesla
Model 3 RWD2022-2023BEV$3,750
Model 3 Performance2022-2023BEV$7,500
Model Y AWD (Base)2022-2023BEV$7,500
Model Y Long Range2022-2023BEV$7,500
Model Y Performance2022-2023BEV$7,500
Volkswagen
ID.4 Standard/Pro/ProS/ProSPlus2023BEV$7,500

Last updated 4/23/2023



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