A year ago, nearly every new electric vehicle and plug-in hybrid on the market qualified for a federal tax credit of up to $7,500, provided it was manufactured in North America. But the rules changed in a major way in 2024. The new year brings big restrictions on which EVs and hybrids get the tax break as the U.S. looks to crack down on battery components sourced from China.
In other words, if you were banking on a tax credit to help get you into a new electric vehicle or plug-in hybrid for 2024, your list of choices is now smaller and less straightforward than before. Still, $7,500 is serious money. It could make the difference between buying and not buying an electric car—so it's key to which vehicles are eligible for the tax credit for EVs in 2024.
Plus, as automakers launch new models and change up their supply chains to comply with the new rules over time, we should see many more cars qualify. The list has already grown this year, with popular cars like the Tesla Model 3 Long Range regaining eligibility after a short hiatus. So we'll be sure to keep this list updated with the latest news.
Eligible Vehicles For The EV Tax Credit In 2024
Here's the full list of eligible EVs from FuelEconomy.gov, where you can also check if a certain car qualifies from its VIN:
| Make | Model | Model Year | Credit Amount | MSRP Limit |
| Acura | ZDX | 2024 | $7,500 | $80,000 |
| Cadillac | Lyriq | 2024-2025 | $7,500 | $80,000 |
| Chevrolet | Blazer EV | 2024-2025 | $7,500 | $80,000 |
| Chevrolet | Bolt EV | 2022–2023 | $7,500 | $55,000 |
| Chevrolet | Bolt EUV | 2022–2023 | $7,500 | $55,000 |
| Chevrolet | Equinox EV | 2024-2025 | $7,500 | $80,000 |
| Chevrolet | Silverado EV | 2025 | $7,500 | $80,000 |
| Ford | F-150 Lightning (Extended Range Battery) | 2022–2025 | $7,500 | $80,000 |
| Ford | F-150 Lightning (Standard Range Battery) | 2022–2025 | $7,500 | $80,000 |
| Honda | Prologue | 2024 | $7,500 | $80,000 |
| Nissan | Leaf S | 2024 | $3,750 | $55,000 |
| Nissan | Leaf SV Plus | 2024 | $3,750 | $55,000 |
| Rivian | R1S Dual Large | 2023–2024 | $3,750 | $80,000 |
| Rivian | R1S Dual Standard | 2024 | $3,750 | $80,000 |
| Rivian | R1S Dual Standard+ | 2024 | $3,750 | $80,000 |
| Rivian | R1S Performance Dual Standard+ | 2024 | $3,750 | $80,000 |
| Rivian | R1S Quad Large | 2022–2024 | $3,750 | $80,000 |
| Rivian | R1T Dual Large | 2023–2025 | $3,750 | $80,000 |
| Rivian | R1T Dual Max | 2023–2024 | $3,750 | $80,000 |
| Rivian | R1T Dual Performance Large | 2023 | $3,750 | $80,000 |
| Rivian | R1T Dual Standard | 2024 | $3,750 | $80,000 |
| Rivian | R1T Dual Standard+ | 2024 | $3,750 | $80,000 |
| Rivian | R1T Performance Dual Standard+ | 2024 | $3,750 | $80,000 |
| Rivian | R1T Quad Large | 2022–2024 | $3,750 | $80,000 |
| Tesla | Model 3 Long Range All-Wheel Drive | 2024 | $7,500 | $55,000 |
| Tesla | Model 3 Long Range Rear-Wheel Drive | 2024-2025 | $7,500 | $55,000 |
| Tesla | Model 3 Performance | 2023–2025 | $7,500 | $55,000 |
| Tesla | Model X All-Wheel Drive | 2023–2025 | $7,500 | $80,000 |
| Tesla | Model Y All-Wheel Drive | 2023–2024 | $7,500 | $80,000 |
| Tesla | Model Y Long Range All-Wheel Drive | 2025 | $7,500 | $80,000 |
| Tesla | Model Y Long Range Rear-Wheel Drive | 2024-2025 | $7,500 | $80,000 |
| Tesla | Model Y Performance | 2023–2025 | $7,500 | $80,000 |
| Tesla | Model Y Rear-Wheel Drive | 2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 AWD Pro | 2023-2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 AWD Pro S | 2023-2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 AWD Pro S Plus | 2023-2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 Pro | 2023-2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 Pro S | 2023-2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 Pro S Plus | 2023-2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 S | 2023-2024 | $7,500 | $80,000 |
| Volkswagen | ID.4 Standard | 2023-2024 | $7,500 | $80,000 |
And here's the list of qualifying plug-in hybrids:
| Make | Model | Model Year | Credit Amount | MSRP Limit |
| Audi | Q5 PHEV 55 TFSI e quattro | 2023-2024 | $3,750 | $80,000 |
| Audi | Q5 S Line 55 TFSI e quattro | 2023-2024 | $3,750 | $80,000 |
| Chrysler | Pacifica PHEV | 2022-2024 | $7,500 | $80,000 |
| Ford | Escape Plug-in Hybrid | 2022-2025 | $3,750 | $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 |
Definitely not a huge list. And one that's missing some heavy hitters like the Hyundai Ioniq 5 and Ford Mustang Mach-E. So what gives here, exactly? That requires a bit of a history lesson.
The longstanding EV tax credit was revised and modernized as part of the Inflation Reduction Act, which passed in 2022. That legislation had a number of goals—including possibly conflicting ones—like encouraging local manufacturing and lessening China's iron grip on the battery supply chain. (The tax credits also have limits based on a buyer's annual income and the price of the vehicle in question to keep these from just being luxury gifts to wealthy drivers.)
The new credits went into effect in January of last year. But over the subsequent months, the list of qualifying vehicles became narrower and narrower, prioritizing batteries and battery components made in North America as well. Now, the rules stipulate that starting in 2024 any vehicle containing battery components from what the government calls a "foreign entity of concern" will be excluded from receiving tax credits. The so-called "FEOC" rules pretty much directly target China, and given that country's utter dominance of the battery supply chain, a lot of new cars get left out.
On the plus side, it's crucial to note that leasing will still get you the full tax credit regardless of where the car was made, a loophole that has greatly benefitted foreign manufacturers like Kia and Hyundai. Additionally, the credits now apply at the point of sale, meaning you get an instant price cut on these cars without having to wait for tax season.
Those point-of-sale rebates have proved mighty popular. So far this year, EV buyers have received over $1 billion in incentives for some 150,000 car purchases, according to the U.S. Treasury Department.
Contact the author: patrick.george@insideevs.com
(This guide was last updated on December 1, 2024)
