qualify

The IRS released a list of electric vehicles that still qualify for the full $7,500 federal tax credit after strict new guidelines, announced back in March, officially go into effect on April 18th. The list is very short, as just six EVs now qualify under the new terms. The updated rules pertain to EV batteries

As of January 1st, 2023, a bunch of electric vehicles became newly eligible for the $7,500 tax credit, which passed into law as part of the $430 billion Inflation Reduction Act a year ago. Some models new to the list had lost their eligibility when their manufacturer hit the previous credit’s sales cap of 200,000