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
