This is after revised guidelines were announced in March.The IRS released a list of electric vehicles that still qualify for the full $7,500 federal tax credit after strict new guidelines,short, as just six EVs now qualify under the new terms. The updated rules pertain to EV batteries and cut out China as an approved trading partner, so we knew the vehicle list would shrink, as most electric vehicles use batteries manufactured in China or by Chinese companies.
If you want to get that full tax credit, choose from the Cadillac Lyriq, Chevy Bolt, Chevy Bolt EUV, some Tesla Model 3 versions, some Tesla Model Y versions and Ford F-150 Lightning. Many EVs lose the full credit moving forward, like the Nissan Leaf and Volkswagen ID.4. So check the full listEVs shunted out of the exclusive full tax-credit club may still qualify for a half credit of $3,750, so long as they meet certain requirements.
Here's how that breaks down. Battery components that are 50 percent made or assembled in the USA qualify for the first half of $3,750 and if the company sources at least 40 percent of critical minerals from the US or free trade partners, the second $3,750 kicks in. If a company meets one or the other standard, the vehicle gets a half credit.Great deals on consumer electronics delivered straight to your inbox, curated by Engadget’s editorial team.