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Which Electric Vehicles Qualify for Federal Tax Credits?

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The Treasury Department on Thursday published a partial list of latest electric and plug-in hybrid cars that may qualify for tax credits of as much as $7,500. The list is anticipated to be updated over the approaching days and weeks.

The credits will apply to sedans that cost not more than $55,000 and sport utility vehicles and pickup trucks that cost as much as $80,000. As well as, only buyers who earn lower than $150,000 a 12 months as a person or $300,000 a 12 months as a pair can claim the credits.

The list could change in March, when recent rules take effect that require automakers to make use of battery raw materials and components from North America or a trade ally. Those rules are still being formulated, and it’s not clear exactly when they’ll begin to apply.

Listed below are the cars on the list, by automaker:

Audi

Ford Motor

  • Ford Escape Plug-in Hybrid

  • Ford E-Transit

  • Ford F-150 Lightning

  • Ford Mustang Mach-E

  • Lincoln Aviator Grand Touring plug-in hybrid

  • Lincoln Corsair Grand Touring plug-in hybrid

Nissan

Rivian

Stellantis

  • Chrysler Pacifica plug-in hybrid

  • Jeep Wrangler 4xe plug-in hybrid

  • Jeep Grand Cherokee 4xe plug-in hybrid

Tesla

Volkswagen

Volvo

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