Credit-Qualifying EV Models Winnowed
Just 16 are eligible for federal tax breaks, some for just half the full amount.

Chrysler's Pacifica hybrid is among the limited list of models that qualify for the tax credits.
IMAGE: Chrysler
A much shorter list of electric vehicles still qualify for federal tax credits after new restrictions took effect today.
Requirements on EV battery sourcing narrowed the list of qualified vehicles to just 16 models, all domestically made, and 10 of which qualify for the full $7,500 in credits. Nine other models lost their eligibility.
The Treasury Department issued guidance late last month that added battery material sourcing requirements to tax credit limits that require sourcing, processing or recycling of battery materials to be centered in North America or a free-trade partner of the U.S.
The eligible models are made by Ford, General Motors, Stellantis and Tesla.
Buyers’ incomes and purchased model prices must be under particular dollar limits in order to qualify for the credits, which are intended to encourage EV adoption. The new limits, though, are designed to build North American EV sourcing and production to reverse dependence on Chinese suppliers.
Until now, most domestically made models qualified for the credits.
To learn which models qualify for credits and the credit total, visit fueleconomy.gov.
Originally posted on Auto Dealer Today
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →