Only 21 Electric Vehicle Models Likely to Qualify for Tax Credit

Only 21 electric vehicle models are expected to qualify for the EV tax credit after changes to the incentive went into effect following enactment of legislation on Tuesday, according to information from the Department of Energy.

• NOTE: Inflation Reduction Act tweaks credit so that only vehicles that have “final assembly” in North America qualify for the $7,500 tax credit
• Energy Department published data showing which model year 2022 and 2023 vehicles are expected to meet that standard
• Five Things That Biden’s Climate Bill Will Change for Automakers

To contact the reporter on this story:
Ari Natter ...