Last Updated on March 10, 2023 by Rose Morah
You want to buy an EV but wonder if it qualifies for the Federal Tax Credit.
This article has lined up a list of EVs that qualify for a tax credit and also helps you understand how the EV tax credit works.
How do you qualify for an EV tax credit?
You can qualify for an EV tax credit when purchasing an EV. However, the total rebate that you can qualify for is not the same for everyone, and will depend on the following factors:
- The individual’s income
This is the amount owed in federal income tax.
This means that in order to qualify for a $7500 tax credit, your end-of-year tax bill should be more than the $7,500.
- The size of the electric car’s battery
The bigger the battery the higher the tax credit.
10 Electric Car Rebates and Incentives In California.
New York State (NY) EV Rebate Programs.
Key things to note when it comes to EV tax credit
- The EV tax credit does not last forever
When an electric car hits a higher number of sales (200,000 qualified electric vehicles) they are normally phased out.
This means that in the future when more people purchase EVs in the United States, the EV tax credit will no longer be available.
The following is a list of EVs that no longer qualify for the federal tax credit in the United States:
|Electric Vehicle||EVs purchased after|
2014–16 Spark EV
2017–20 Bolt EV
2012–20 Model S
2016–20 Model X
2017–20 Model 3 Long Range
2018–20 Model 3 Long Range AWD and AWD Performance
2018–20 Model 3 Mid Range
2019–20 Model 3 Standard Range Plus
2020 Model 3 Standard Range
- Only the EV buyer qualifies for the tax credit
This means that the tax credit cannot be passed on to someone else other than the EV buyer.
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See also: Florida EV Rebates and Incentives.
7 Texas EV Rebate Programs And Incentives.
List of EVs that Qualify for Federal Tax Credit
The following is a list of EVs that qualify for the 7,500 federal tax credit in the United States:
AMP Electric Vehicles
2012 MLE Electric Mercedes-Benz
2012 Grand Cherokee Electric vehicle (GCE)
2019, 2021–22 e-tron SUV
2020–22 e-tron Sportback
Audi e-tron S (standard and Sportback models)
Audi Q4 50 e-tron Quattro (standard and Sportback models)
2022 e-tron GT (e-tron GT/RS e-tron GT models)
2014–21 i3 Sedan
2017 i3 Sedan (w/ 60 amp-hr battery)
2022 i4 M50 Gran Coupe
2022 i4 eDrive40 Gran Coupe
2022 iX xDrive50
2023 iX M60
2012–17 e6 Electric Vehicle
2010, 2012 CODA Sedan
Electric Last Mile Solutions (ELMS)
2022 ELMS Urban Delivery
Electric Mobile Cars
2010 E36v Utility Van
2010 E36 7 Passenger Wagon
2010 E36t Pick-up Truck
2011–12 Transit Connect EV
2012–18 Focus EV
2021 Mustang Mach-E California Route 1 (RWD & AWD models)
2021 Mustang Mach-E First Edition Premium AWD
2021–22 Mustang Mach-E Select (RWD & AWD models)
2021–22 Mustang Mach-E Premium (RWD & AWD models)
2021–22 Mustang Mach-E GT
2022 F-150 Lightning (Standard Range, Extended Range)
2017–21 Ioniq Electric
2019–22 Kona Electric Vehicle
2022 Ioniq 5
2023 Genesis GV60
2019 I-Pace (First Edition, HSE, SE, S models)
2020–21 I-Pace (HSE, SE, S models)
2022–23 I-Pace (HSE)
2019–20 Kandi K22
2019–21 Kandi EX3
2020–22 Kandi K23
2020–22 Kandi K27
2015–20 Soul Electric
2019–22 Niro EV
2022 EV6 (58 kWh, 77.4 kWh)
2022 Air Grand Touring
2022 Air Dream Edition
2014–17 B-Class EV
2022 EQS 450+
2022 EQS 580 4Matic
2022 Mercedes-Benz AMG EQS Sedan
2012, 2014, 2016, 2017 i-MiEV
2020–23 MINI Cooper S E Hardtop
2021–22 Taycan EV ( Turbo Cross Turismo, Turbo S Cross Turismo, Turbo, 4 S, Turbo S, Taycan, 4 Cross Turismo, 4 S Cross Turismo, GTS, GTS Sport Turismo)
2020 Taycan EV (Turbo, Turbo S, 4S)
2021 Polestar 2
2022 Polestar 2 – Long Range (single and dual motor)
2022 EDV 700
2013–18 fortwo electric vehicle (cabriolet/coupe)
2019 EQ fortwo Cabrio
2019 EQ fortwo Coupe
2011 Think City EV
2012–14 RAV4 EV
2021–22 XC40 Recharge Pure Electric P8 AWD
2022 C40 Recharge Pure Electric
2021 ID.4 (First Edition, Pro, Pro S, and AWD Pro S)
2014–2017 Electric Van
2016–2017 Electric Minibus
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The information provided in this article should not be viewed as legal or an official binding document. This is because other exceptions or requirements may also apply.
Therefore, be sure to check the official IRS publications or consult an IRS tax representative.