Federal Tax Incentive Updates

Written By Noel Morin

The IRS announced today a change to the MSRP caps. These allow for more vehicles to be qualified for the clean vehicle tax credit. Here’s the current list of vehicles that qualify for the credit.

Plug-In Hybrid

  • Audi Q5 TFSI e Quattro

  • BMW 330e

  • BMW X5 xDrive45e

  • Chrysler Pacifica Plug-in Hybrid

  • Ford Escape Plug-in Hybrid

  • Jeep Grand Cherokee 4xe

  • Jeep Wrangler 4xe

  • Lincoln Aviator

  • Lincoln Corsair Grand Touring

  • Volvo S60 Recharge Extended Range

All-Electric

  • Cadillac Lyriq

  • Chevrolet Bolt EV/EUV

  • Ford F-150 Lightning

  • Ford Mustang Mach-E

  • Ford E-Transit

  • Nissan Leaf

  • Rivian R1T and

  • Rivian R1S

  • Tesla Model 3

  • Tesla Model Y

  • Volkswagen ID.4

Actual credit eligibility can vary, based on actual MSRP. For the latest, visit the Manufacturer Index on the IRS Manufacturers and Models for New Qualified Clean Vehicles Purchased in 2023 or After page. Click the (+) to view the vehicle information.

Visit Plug In America’s EV Tax Credits page for consumer-friendly guidance and Incentives page for information on Hawaii and Federal incentives.

Noel Morin
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