Confused about which cars qualify for the federal electric vehicle tax credit now that the Inflation Reduction Act has been signed into law? Do not be. According to the Alternative Fuels Data Center at the US Department of Energy, this is the final list. Keep in mind that the new law only applies to cars and wagons with a sticker price of $55,000 or less and SUVs with a sticker price of $80,000 or less.

The final determining factor for what is and is not eligible for the new tax credit is the VIN number. To learn more, use the VIN Decoder tool available on the NHTSA website, which will definitively identify where a particular vehicle was built.

Model year The vehicle note
2022 Audi Q5
2022 BMW 3 Series PHEV
2022 BMW X5
2022 Chevrolet Bolt EUV The manufacturer’s sales cap was met
2022 Chevrolet Bolt EV The manufacturer’s sales cap was met
2022 Chrysler Pacifica PHEV
2022 Ford Escape PHEV
2022 Ford F-150 Lightning
2022 Ford Mustang Mach-E
2022 Ford Transit van
2022 GMC Hummer Pickup The manufacturer’s sales cap was met
2022 GMC Hummer SUV The manufacturer’s sales cap was met
2022 Jeep Grand Cherokee PHEV
2022 Jeep Wrangler PHEV
2022 Lincoln Aviator PHEV
2022 Lincoln Corsair Plug-in
2022 Purified air
2022 Nissan Leaf
2022 Rivian EDV
2022 Rivian R1S
2022 Rivian R1T
2022 Tesla Model 3 The manufacturer’s sales cap was met
2022 Tesla Model S The manufacturer’s sales cap was met
2022 Tesla Model X The manufacturer’s sales cap was met
2022 Tesla Model Y The manufacturer’s sales cap was met
2022 Volvo S60
2023 BMW 3 Series PHEV
2023 EV store The manufacturer’s sales cap was met
2023 Cadillac Lyric The manufacturer’s sales cap was met
2023 Mercedes EQS
2023 Nissan Leaf

EV and SUVs tax credit

Of course, with a $25,000 price difference between vehicles that qualify for the car and wagon loan and those available for the SUV loan, any manufacturer in their right mind will want their vehicles to be classified as SUVs. What is an SUV? This is an excellent question. An SUV is what the government says it is, and that can include the EPA, NHTSA, DOT, IRS, and maybe six or seven agencies you’ve never heard of. An internet search failed to identify a single source for that information. Perhaps your accountant can help you with this.

Suffice it to say, before you plunk down your hard-earned cash on a car you think is an SUV, make sure it qualifies for the EV tax credit so you can avoid tears at tax time. It shouldn’t be this hard, but it is. If the vehicle you want to buy is not on the list above (which is only valid until the new battery material sourcing requirements start on 1 January 2023) then it is not eligible.

Another unanswered question is whether the operating number is the price on the Mulroney sticker affixed to the rear window of that shiny new wagon or the price listed on the sales contract, which can include any number of fees added by a dealer for market adjustments and other price gouging tactics. We assume the window sticker will control, but it’s likely that many dealers will do whatever they can to put some of that government money in their pockets instead of yours. Caveat emptor!

This legislation is brand new and there will be many changes, modifications, amendments and special exemptions coming in the coming days, weeks and months. It may help to keep that url for the Center for Alternative Fuels to keep yourself updated on the latest information.


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