Quote:
Originally Posted by rmay635703
Anyone figure out what EVs can get the tax credit, last I heard none.
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From Automotive News:
Currently eligible vehicles are 2022 model year EV or plug-in hybrid electric versions of the Audi Q5; BMW X5 and 3-Series Plug-in; Ford Mach-E, F-Series, Escape PHEV and Transit Van; Chrysler Pacifica PHEV, Jeep Grand Cherokee PHEV and Wrangler PHEV; Lincoln Aviator PHEV and Corsair Plug-in; Lucid Air; Nissan Leaf; Volvo S60; and Rivian, R1S and R1T.
The 2023 Nissan Leaf, BMW 3-Series and Mercedes EQS are also eligible.
The IRS also clarified that non-refundable deposit of 5% of the purchase price qualifies as a "binding contract".
For 2023 Tesla and GM get credits again so some of their models may qualify.
Sourcing rules kick in for 2023 but companies with North American battery plants should be able to make things work with some adjustments.
Foreign Entity of Concern requirements don't kick in until 2024.