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Every Tesla Model 3 now qualifies for a $7,500 tax credit. Here's all the eligible electric cars.

Every Tesla Model 3 now qualifies for a $7,500 tax credit. Here's all the eligible electric cars.
  • More than two-dozen cars are now eligible for federal tax credits up to $7,500.

  • The law is designed to encourage EV adoption and spur American EV manufacturing.

  • Here's the full list of electric cars, trucks, and SUVs that qualify for a full or partial tax credit.

The US Treasury Department has updated its list of electric and plug-in hybrid vehicles that qualify for up to $7,500 of EV tax credits, which stem from the massive Inflation Reduction Act passed in August 2022.

The list also details which electrified vehicles qualify for half the credit, or $3,750.

Credit qualifications are determined by the vehicle's sticker price ($80,000 for vans, SUVs, and trucks; and $50,000 for everything else) and whether it was assembled in the US. The vehicle also must be brand new.

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For a buyer to be eligible, they'll need to meet certain income requirements and use the car primarily in the US.

The tax credits are meant to incentivize the auto industry to move their supply chains and invest in electric vehicle development in the US.

Importantly, the rules were in flux between the bill's passage into law and the full set of rules being released by the Treasury Department. This list is for vehicles purchased new and driven off lots after April 18. To claim the credit, you'll need to provide your vehicle's VIN on a specific form with your taxes.

Here's the full list of vehicles that qualify for a full- or half-credit:

2024 BMW X5 xDrive50e

2024 BMW X5 xDrive50e drives on a sunny road
The 2024 BMW X5 xDrive50e.BMW

Credit amount: $3,750

2023-2024 Cadillac Lyriq

The 2023 Cadillac Lyriq.
The 2023 Cadillac Lyriq.Cadillac

Credit amount: $7,500

2024 Chevrolet Blazer

The Chevrolet Blazer EV electric SUV.
The Chevrolet Blazer EV SS.Chevrolet

Credit amount: $7,500

2022-2023 Chevrolet Bolt

The 2023 Chevrolet Bolt EV electric hatchback.
The 2023 Chevrolet Bolt EV.Chevrolet

Credit amount: $7,500

2022-2023 Chevrolet Bolt EUV

The 2022 Chevrolet Bolt EUV.
The 2022 Chevrolet Bolt EUV.Chevrolet

Credit amount: $7,500

2024 Chevrolet Equinox

The 2024 Chevrolet Equinox EV.
The 2024 Chevrolet Equinox EV.Chevrolet

Credit amount: $7,500

2024 Chevrolet Silverado

Chevy Silverado EV
The Chevrolet Silverado EV.Chevrolet

Credit amount: $7,500

2022-2023 Chrysler Pacifica PHEV

The 2022 Chrysler Pacifica Hybrid minivan.
The 2022 Chrysler Pacifica Hybrid minivan.Chrysler

Credit amount: $7,500

2022-2023 Ford E-Transit

Ford E Transit
The Ford E Transit.Ford

Credit amount: $3,750