Only GM, Tesla and Ford EVs Are Eligible for Full US Credit (1)

Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the US after stricter battery-sourcing rules take effect and render most plug-in models ineligible.

General Motors Co., Tesla Inc. and Ford Motor Co. all have at least one EV that will qualify, while Ford and Stellantis NV each have one eligible plug-in hybrid model. No other automakers will have a vehicle for sale that fully meets the criteria that were finalized last month and will kick in on Tuesday, according to the Treasury Department.

The requirements included in the Democrats’ marquee climate law ...