What we’re showing
The list of EV and PHEV models that qualify for U.S. tax credits in 2024.
Key takeaway
The list of qualified EVs in 2024 is relatively small. Many popular models like the Ford Mustang Mach-E are missing.
Context
The rules regarding EV tax credits have become more stringent in recent years. In addition to being manufactured in North America, EVs must use battery components that were sourced domestically as well.
Many foreign automakers including Toyota and Hyundai are rushing to build battery plants in the U.S. as a result.
Car | Vehicle Type | Credit Amount ($) | MSRP Limit |
---|---|---|---|
Chevrolet Bolt EUV | EV | 7,500 | 55,000 |
Chevrolet Bolt EV | EV | 7,500 | 55,000 |
Chrysler Pacifica PHEV | PHEV | 7,500 | 80,000 |
Ford Escape PHEV | PHEV | 3,750 | 80,000 |
F-150 Lightning* | EV | 7,500 | 80,000 |
Jeep Grand Cherokee 4xe | PHEV | 3,750 | 80,000 |
Jeep Wrangler 4xe | PHEV | 3,750 | 80,000 |
Lincoln Corsair Grand Touring | PHEV | 3,750 | 80,000 |
Rivian R1S* | EV | 3,750 | 80,000 |
Rivian R1T* | EV | 3,750 | 80,000 |
Tesla Model 3 Performance | EV | 7,500 | 80,000 |
Tesla Model X Long Range | EV | 7,500 | 80,000 |
Tesla Model Y* | EV | 7,500 | 80,000 |
*F-150 Lightning includes Standard and Extended Range models. R1S includes Dual and Quad Motor models. R1T includes Dual, Performance Dual, and Quad Motor models. Model Y includes RWD, AWD, and Performance models.
https://fueleconomy.gov/feg/tax2023.shtml#requirementshttps://www.cnbc.com/2023/10/31/toyota-pledges-8-billion-more-for-us-battery-plant-to-rev-up-ev-push.html