{"id":593540,"date":"2023-01-03T05:48:59","date_gmt":"2023-01-03T11:48:59","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/03\/a-partial-list-of-all-the-evs-that-qualify-for-the-new-7500-tax-credit\/"},"modified":"2023-01-03T05:48:59","modified_gmt":"2023-01-03T11:48:59","slug":"a-partial-list-of-all-the-evs-that-qualify-for-the-new-7500-tax-credit","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/03\/a-partial-list-of-all-the-evs-that-qualify-for-the-new-7500-tax-credit\/","title":{"rendered":"A partial list of all the EVs that qualify for the new $7,500 tax credit"},"content":{"rendered":"
\n

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> a year ago. <\/p>\n

Some models new to the list had lost their eligibility when their manufacturer hit the previous credit\u2019s sales cap of 200,000 vehicles (Tesla models, Chevy Bolts). Others have recently shifted their production to North America, meeting one of the crucial requirements (VW ID.4). <\/p>\n

\n

There\u2019s still a lot in the air right now<\/p>\n<\/div>\n

There\u2019s also a limit on how much income you can earn in order to be eligible for the credit. Households with an adjusted gross income up to $300,000 will still qualify for the credit, while heads of household must earn below $225,000 and individual filers below $150,000.<\/p>\n

There\u2019s still a lot in the air right now<\/a> \u2014 the Treasury Department has set a March deadline<\/a> for releasing guidance on some of the thornier issues surrounding battery material sourcing and other rules that could drastically reduce the eligibility list if enacted \u2014 but for now, these are the EVs that qualify. <\/p>\n

Foreign automakers are pressuring the Biden administration to give them a piece of the action, while Senator Joe Manchin (D-WV) is threatening to block the implementation in an effort to prevent companies from exploiting loopholes. And Tesla CEO Elon Musk is whining<\/a> about how it\u2019s \u201cmessed up\u201d that certain versions of the Tesla Model Y that exceed the $80,000 price cap don\u2019t qualify, while a bunch of hybrid Jeeps do. <\/p>\n

Bottom line: if you\u2019re unsure whether the new EV you\u2019re eyeing qualifies for the credit, talk to an accountant. Every state has at least a few CPAs that are familiar with the EV tax credit craziness and can help you navigate the murky waters ahead. They can also tell you what state incentives, if any, may be available. <\/p>\n

This list is a good start, but don\u2019t consider the last word. <\/p>\n

\n

Eligible EV for the $7,500 tax credit<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Andrew J. Hawkins<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s sales cap of 200,000<\/p>\n","protected":false},"author":1,"featured_media":593541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46924,31716,46],"tags":[],"class_list":{"0":"post-593540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-partial","8":"category-qualify","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/593540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=593540"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/593540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/593541"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=593540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=593540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=593540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}