The count of electric vehicle (EV) models meeting eligibility for U.S. EV tax credits decreased from 43 to 19, encompassing various iterations of the same vehicle category. The Treasury mentioned that certain manufacturers have not yet provided details about qualifying vehicles, potentially resulting in alterations to the existing list.
Tesla (TSLA.O) refrained from immediate comments on Monday; however, their website indicated that the Cybertruck is anticipated to meet the criteria for the federal tax credit at a later point in 2024.
2024 EV Tax Credit List
| Company | Model | Model Year | Credit Amount | MSRP Limit |
|---|---|---|---|---|
| Chevrolet | Bolt EV | 2022–2023 | $7,500 | $55,000 |
| Chevrolet | Bolt EUV | 2022–2023 | $7,500 | $55,000 |
| Chrysler | Pacifica PHEV | 2022–2024 | $7,500 | $80,000 |
| Ford | Escape Plug-in Hybrid | 2022–2024 | $3,750 | $80,000 |
| Ford | F-150 Lightning (Extended Range Battery) | 2022–2024 | $7,500 | $80,000 |
| Ford | F-150 Lightning (Standard Range Battery) | 2022–2024 | $7,500 | $80,000 |
| Jeep | Grand Cherokee PHEV 4xe | 2022–2024 | $3,750 | $80,000 |
| Jeep | Wrangler PHEV 4xe | 2022–2024 | $3,750 | $80,000 |
| Lincoln | Corsair Grand Touring | 2022–2024 | $3,750 | $80,000 |
| Rivian | R1S Dual Large | 2023–2024 | $3,750 | $80,000 |
| Rivian | R1S Quad Large | 2023–2024 | $3,750 | $80,000 |
| Rivian | R1T Dual Large | 2023–2024 | $3,750 | $80,000 |
| Rivian | R1T Dual Max | 2023–2024 | $3,750 | $80,000 |
| Rivian | R1T Quad Large | 2023–2024 | $3,750 | $80,000 |
| Tesla | Model 3 Performance | 2023–2024 | $7,500 | $55,000 |
| Tesla | Model X Long Range | 2023–2024 | $7,500 | $80,000 |
| Tesla | Model Y All-Wheel Drive | 2023–2024 | $7,500 | $80,000 |
| Tesla | Model Y Performance | 2023–2024 | $7,500 | $80,000 |
| Tesla | Model Y Rear-Wheel Drive | 2024 | $7,500 | $80,000 |
2024 EV Tax Credit Eligible Vehicles List
- Chrysler Pacifica PHEV
- Jeep Grand Cherokee PHEV 4xe
- Jeep Wrangler PHEV 4xe
- Lincoln Corsair Grand Touring
- Ford Escape plug-in hybrid
- Ford F-150 Lightning
- Rivian R1T
- Rivian R1S
- Tesla Model X
- Tesla Model Y
- Tesla Model 3 Performance
- Chevrolet Bolt EUV
- Chevrolet Bolt EV
Read :
Electric Vehicle (EV) Stocks List in India