A partial list of all the EVs that qualify for the new $7,500 tax credit

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A partial list of all the EVs that qualify for the new $7,500 tax credit
France Dernières Nouvelles,France Actualités
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Forty vehicles currently qualify for the $7,500 tax credit.

for releasing guidance on some of the thornier issues surrounding battery material sourcing and other rules that could drastically reduce the eligibility list if enacted — but for now, these are the EVs that qualify.

Foreign automakers are pressuring the Biden administration to give them a piece of the action, while Senator Joe Manchin is threatening to block the implementation in an effort to prevent companies from exploiting loopholes. And Tesla CEOabout how it’s “messed up” that certain versions of the Tesla Model Y that exceed the $80,000 price cap don’t qualify, while a bunch of hybrid Jeeps do.

Bottom line: if you’re unsure whether the new EV you’re eyeing qualifies for the credit, talk to an accountant. Every state has at least a few CPAs that are familiar with the EV tax credit craziness and can help you navigate the murky waters ahead. They can also tell you what state incentives, if any, may be available.

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