New EV Credit Rules: What You Need to Know

Just 13 electric car models are now eligible for federal tax credits.

1 minute read

January 2, 2024, 11:00 AM PST

By Diana Ionescu @aworkoffiction


Red Rivian electric truck on forested beach in the Dominican Republic.

The Rivian R1T electric truck is one of the models still eligible for federal tax credits. | Andrei / Adobe Stock

New federal rules that went into effect on January 1 cut the number of electric vehicles eligible for a federal tax credit to just 13 models, reports Ari Natter in Bloomberg CityLab.

The revised criteria exclude vehicles with batteries built by Chinese manufacturers, Natter explains. “In 2025, the restrictions will expand to include suppliers of key raw materials for batteries, such as nickel and lithium.”

According to Natter, “Among the vehicles still eligible for the full or partial consumer credit are the Model Y by Tesla Inc., Rivian Automotive Inc.’s R1T pickup truck, Stellantis NV’s Jeep Wrangler 4xe and Ford Motor Co.’s F-150 Lightning pickup truck.”

Models no longer eligible include the Tesla Cybertruck, some versions of the Model 3, the Nissan Leaf, Ford E-Transit van, and GM Blazer and Silverado.

Monday, January 1, 2024 in Bloomberg CityLab

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