The New Ev Tax Credit Is Complicated Here S Who Qualifies

Also: The 5 best electric cars: Plus, the cheapest EV available  Also: I loved driving the Hyundai Ioniq 5 and Kia EV6. Here’s why I can’t buy one These provisions limit the manufacturers that qualify for the credit. According to PBS, battery materials processed in China power the vehicles of quite a few American EV manufacturers, including Tesla. The new credit also raises the bar for plug-in hybrids or PHEVs: TechCrunch notes that new PHEVs need 7 kWh battery packs in order to qualify. One of the aims of the act is to make electric cars more affordable, but fewer models of EVs meet all of these parameters.  Here’s a list of vehicles that qualify for the tax credit, taken directly from the Department of Energy website. If there’s a “Manufacturer sales cap met” note, that means that the manufacturer reached their limit of EV credits used and isn’t currently eligible. These are all of the EVs assembled in North America.