Here is a partial list of electric and plug-in hybrid vehicles that will qualify for federal tax credits in 2023.
The Treasury Department on Thursday published a partial list of new electric and plug-in hybrid cars that will qualify for tax credits of up to $7,500. The list is expected to be updated over the coming days and weeks.
The credits will apply to sedans that cost no more than $55,000 and sport utility vehicles and pickup trucks that cost up to $80,000. In addition, only buyers who earn less than $150,000 a year as an individual or $300,000 a year as a couple can claim the credits.
The list could change in March, when new rules take effect that require automakers to use 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 will start to apply.
Here are the cars on the list, by automaker:
Audi
Q5 TFSI e Quattro plug-in hybrid
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
Leaf
Rivian
R1T
R1S
Stellantis
Chrysler Pacifica plug-in hybrid
Jeep Wrangler 4xe plug-in hybrid
Jeep Grand Cherokee 4xe plug-in hybrid
Tesla
Model 3
Model Y
Volkswagen
ID.4
Volvo
Volvo S60 plug-in hybrid
Source: Economy - nytimes.com