P&A Providers & Administrators
MenuMENU
SearchSEARCH

Some EVs to Lose Tax Credit Status

Updated rules restrict eligibility due to materials sourced in countries the U.S. wants to distance from.

December 22, 2023
Some EVs to Lose Tax Credit Status

The Ford F-150 Lightning will maintain eligibility for the full $7,500 tax credit.

IMAGE: Ford

1 min to read


Ford and General Motors said they expect some of the electric-vehicle models will at least temporarily lose eligibility for a federal tax credit after the new year due to stricter limits.

Ford said its Mach-E and Lincoln Aviator Grand Touring hybrid will no longer be eligible for a credit but that its F-150 Lightning will keep the full $7,500 tax break, according to news reports.

Ad Loading...

GM said its Cadillac Lyriq and Chevrolet Blazer won’t be eligible after the new year. Its Chevrolet Bolt EV will continue to be eligible.

The loss of eligibility is due to some EV materials being sourced in overseas markets the U.S. has barred as EV component sources. The Biden administration has enacted such restrictions in order to limit U.S. reliance on some overseas markets, particularly China.

The credits are intended to spur EV adoption to help ease climate-degrading pollution and to increase domestic electric-vehicle component manufacturing and sourcing for greater independence.

Tesla has said some of its models will also lose eligibility under the updates rules.

Originally posted on Auto Dealer Today

More Industry

Photo of gray SUV plugged into public electric-vehicle charger in parking lot
Industryby Hannah MitchellJuly 21, 2026

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 →
Bar chart of truck and SUV segments' weekly value change
Industryby StaffJuly 21, 2026

Black Book: Weekly Market Update

Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.

Read More →
laptop with blue car on screen on a shopping website, Clear Costs Convert
Industryby Lauren LawrenceJuly 21, 2026

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 →
Ad Loading...
Bar graphic of used-car segment weekly change
Industryby StaffJuly 14, 2026

Black Book: Weekly Market Update

Used-vehicle market depreciation was the prevailing story in the wholesale market last week.

Read More →
Light-blue Fiat car parked on a sunny Chicago street
Industryby Hannah MitchellJuly 14, 2026

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 →
man sitting at desk using calculator with charts in front of him, to-go coffee cup on desk, rising and falling data chart in front
Industryby Lauren LawrenceJuly 14, 2026

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 →
Ad Loading...
blue background, map of the world with connecting lights and an electric vehicle emblem in the middle
Industryby Lauren LawrenceJuly 8, 2026

Global EV Market Entering New Phase

Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.

Read More →
Bar chart showing week-over-week wholesale automotive price change
Industryby StaffJuly 7, 2026

Black Book Weekly Market Update

The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.

Read More →
Photo of Honda CR-V SUV on two-lane road next to roadside trees
Industryby Hannah MitchellJuly 1, 2026

Auto Affordability in Context

Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.

Read More →
Ad Loading...
Line chart of used-vehicle days to turn over past week
Industryby StaffJune 30, 2026

Black Book: Weekly Market Update

Automotive auction inventory increased last week, giving choosy bidders even more leeway.

Read More →