New List of Cars Eligible For The EV Tax Credit In 2023 In US

New List of Cars Eligible For The EV Tax Credit In 2023 In USA– Full List Of All Eligible Cars For EV Tax Credit Is Given Below. If you are in the market for a new car this year and are considering an electric vehicle, the government has released an updated list of 22 options (including the 2023 model) available for electric vehicle tax credit. There Is a New Policy That Was Announced Recently For New Car Buyers. Here On This Page, you Will get all Details About Ev Tax Credit And Its Limit.

New List of Cars Eligible For The EV Tax Credit In 2023
New List of Cars Eligible For The EV Tax Credit In 2023

New List of All Cars Eligible For The EV Tax Credit In 2023 In the USA

We have compiled the current list of eligible vehicles, along with MSRP limits, as follows: Full List Is Given Below

  • 2023 Audi Q5 TFSI e Quattro PHEV ($80,000)
  • 2021-2023 BMW 330e ($55,000)
  • 2021-2023 BMW X5 eDrive 45e ($80,000)
  • 2022-2023 Ford Escape PHEV ($80,000)
  • 2022-2023 Ford E-Transit ($80,000)
  • 2022-2023 Ford F-150 Lightning ($80,000)
  • 2022-2023 Ford Mustang Mach-E ($55,000)
  • 2022-2023 Lincoln Aviator Grand Touring ($80,000)
  • 2022-2023 Lincoln Corsair Grand Touring ($55,000)
  • 2022-2023 Chevrolet Bolt EV ($55,000)
  • 2022-2023 Chevrolet Bolt EUV ($55,000)
  • 2022-2023 Cadillac Lyriq ($55,000)
  • 2021-2023 Nissan Leaf ($55,000)
  • 2022-2023 Rivian R1S ($80,000)
  • 2022-2023 Rivian R1T ($80,000)
  • 2022-2023 Chrysler Pacifica PHEV ($80,000)
  • 2022-2023 Jeep Wrangler 4xe ($80,000)
  • 2022-2023 Jeep Grand Cherokee 4xe ($80,000)
  • 2022-2023 Tesla Model 3 ($55,000)
  • 2022-2023 Tesla Model Y 7-Seat Variant ($80,000)
  • 2023 Volkswagen ID 4 ($55,000)
  • 2022 Volvo S60 PHEV ($55,000)

What Is EV Tax Credit Scheme?

The EV tax credit is part of the incentive given in the Inflation Reduction Act. Which Was Passed in August 2022.

  • The comprehensive legislation was intended to return money into Americans’ pockets while promoting environmentally friendly strategies.
  • As such, part of the provisions allows up to $7,500 in tax credits for new EVs and up to $4,000 for used EVs.
  • US Federal Holidays 2023 Full List – US Federal Calendar

What Are All the New Cars that Qualify for the Tax Credit Company Wise In 2023?

Here Is The Complete List Of all Company’s Car Models With Prices. You Can Check All Details From Below.

CompanyModel YearCar ModelMax MSRP
Audi2023Q5 TSFI e Quattro PHEV$80,000
BMW2021–2023330e$55,000
BMW2021–2023X5 xDrive 45e$80,000
Ford/Lincoln2022–2023Ford Escape Plug-in Hybrid$80,000
Ford/Lincoln2022–2023Ford E-Transit$80,000
Ford/Lincoln2022–2023Ford F-150 Lighting$80,000
Ford/Lincoln2022–2023Ford Mustang Mach-E$55,000
Ford/Lincoln2022–2023Lincoln Aviator Grand Touring$80,000
Ford/Lincoln2022–2023Lincoln Corsair Grand Touring$80,000
General Motors2022–2023Chevrolet Bolt$55,000
General Motors2022–2023Chevrolet Bolt EUV$55,000
General Motors2022–2023Cadillac Lyriq$55,000
Nissan2021–2023Leaf S$55,000
Nissan2021–2023Leaf S Plus$55,000
Nissan2021–2023Leaf SL Plus$55,000
Nissan2021–2023Leaf SV$55,000
Nissan2021–2023Leaf SV Plus$55,000
Rivian2022–2023R1S$80,000
Rivian2022–2023R1T$80,000
Stellantis2022–2023Chrysler Pacifica PHEV$80,000
Rivian2022–2023Jeep Wrangler 4xe$80,000
Rivian2022–2023Jeep Grand Cherokee 4xe$80,000
Tesla2022–2023Model 3 RWD$55,000
Tesla2022–2023Model 3 Long Range$55,000
Tesla2022–2023Model Y AWD 7-seat version$80,000
Tesla2022–2023Model Y Long Range 7-seat version$80,000
Tesla2022–2023Model Y Performance 7-seat version$80,000
Tesla2022–2023Model Y AWD$55,000
Tesla2022–2023Model Y Long Range$55,000
Tesla2022–2023Model Y Performance$55,000
Volkswagen2023ID.4$55,000
Volkswagen2023ID.4 Pro$55,000
Volkswagen2023ID.4 Pro S$55,000
Volkswagen2023ID.4 S$55,000
Volkswagen2023ID.4 AWD Pro$80,000
Volkswagen2023ID.4 AWD Pro S$80,000
Volvo2022S60 PHEV$55,000
Volvo2022S60 Extended Range$55,000
Volvo2023S60 T8 Recharge (Extended Range)$55,000

To Know More Information About EV Tax Credit Limit And New Cars Models Visit Official Website – IRS.GOV

How to Claim the Credit?

This is where the paperwork gets complicated And Not everyone can claim credit For a vehicle. These are the claiming rules, according to the U.S. Department of Energy (DOE), And Full Process For Claiming Credit:

To qualify, you must:

  • Buy it for your own use, not for resale
  • Use it primarily in the U.S.

In addition, your modified adjusted gross income (AGI) may not exceed The Limit Mentioned below:

  • $300,000 for married couples filing jointly
  • $225,000 for heads of households
  • $150,000 for all other filers

FAQ : EV Tax Credit USA 2023

What Is EV Tax Credit Limit For New Cars In the USA In 2023?

Ans: The credit will be between $2,500 to $7,500 for new vehicles, depending on the car’s battery capacity and weight limit, amongst other factors Which Are Mentioned In The Policy.

What Is The Weight Limit For EV Tax Credit In the USA?

Ans: The car Must Weigh less than 14,000 pounds To Get the Benefits Of the Scheme

What Is The Credit Limit For Used Cars Under EV Tax Credit Scheme?

Ans: The credit for used electric vehicles is capped at $4,000.

Which Cars May Qualify for the New EV Tax Credit Only If Leased In the USA?

Ans: Here Is the TheComplete List Of all Models Which May Qualify For Ev Tax Credit if Leased In the USA.

  • Audi E-Tron Model
  • Fisker Ocean
  • Genesis GV60
  • Hyundai Ioniq 5 Model
  • Hyundai Ioniq 6 Model
  • Hyundai Kona Electric
  • Hyundai Nexo
  • Jaguar I-Pace
  • Kia EV6 Model
  • Kia Niro Electric
  • Lexus RZ
  • Mazda MX-30
  • Mercedes-Benz EQB
  • Nissan Ariya
  • Polestar 2
  • Subaru Solterra
  • Toyota bZ4x
  • Toyota Mirai
  • Volkswagen ID.4 (only certain models)
  • Volvo C40
Which U.S. Vehicles Qualify For EV Tax Breaks in 2023?

Ans: Here’s the short list of qualifying vehicles For EV Tax Breaks in 2023. Check the Full list Below

  • Cadillac Lyriq
  • Chevrolet Blazer
  • Chevrolet Bolt & Bolt EUV
  • Chevrolet Equinox
  • Chevrolet Silverado
  • Ford F-150 Lightning (both standard and extended range battery Vehicle)
  • Tesla Model 3
  • Tesla Model Y (both all-wheel and long-range drives)

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