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By now, regular readers probably know that this year saw a major change to the Internal Revenue Service’s Clean Vehicle Tax Credit, the consumer-facing incentive that aims to drive electric vehicle adoption here in the US. The tax credit was reformed by last year’s Inflation Reduction Act and now places conditions on where a clean vehicle—a battery EV, a plug-in hybrid EV, or a hydrogen fuel cell EV—is manufactured, as well as the sourcing of its battery pack.
It was feared that these new rules would drastically reduce the number of eligible EVs once the sourcing requirements go into effect on April 18, and now we can confirm that is the case. From tomorrow, only 10 new vehicles will qualify for the full $7,500. Half of the list is made up of vehicles from General Motors but also includes two models from Tesla, Ford’s electric pickup truck, and plug-in hybrids belonging to Chrysler and Lincoln.
The full list of vehicles that qualify for the $7,500 clean vehicle tax credit is:
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