These EVs are affordable, currently available and made in North America.
FordThe Inflation Reduction Act passed in Congress and has been signed into law. The IRA makes some critical changes to the $7,500 federal tax credit for electric vehicles, expanding or restricting access depending on the vehicle. The 200,000 manufacturer limit has been removed. But to be eligible, a new EV must now be assembled in North America. It must also be sold beneath a $55,000 cap for electric cars and an $80,000 cap for electric trucks and SUVs. Here are the 11 vehicles currently on the road that meet those thresholds.*
* Note that the formula also has complicated provisions to ensure both the battery manufacturing and key battery materials are sourced in America. Those may affect the availability of the full tax credit for vehicles that would otherwise qualify.
Cadillac Lyriq
CadillacThe Cadillac Lyriq is built in Tennessee and starts at $61,795, which is less than the $80,000 threshold for SUVs.
Chevrolet Bolt EV
[email protected]The Chevrolet Bolt EV is manufactured in Michigan and starts at $28,800, well below the $55,000 threshold for cars.
Chevrolet Bolt EUV
ChevroletThe Chevrolet Bolt EUV is manufactured in Michigan and starts at $27,200, below the $55,000 threshold for cars.
Ford F-150 Lightning
FordThe Ford F-150 Lightning is assembled in Michigan. Prices have increased for 2023. But all Standard Range models will fall below the $80,000 threshold and be eligible for the tax credit.
Ford Mustang Mach E
FordThe Ford Mustang Mach E is built in Mexico, which is part of North America. It starts at $43,895 — well below the $80,000 threshold for SUVs — so all trim levels qualify.
Nissan Leaf
Jay K. McNallyNissan builds the Leaf in Tennessee. It starts at $27,800, well below the $55,000 threshold for electric cars.
Rivian R1S
Steve MazzucchiThe Rivian R1S is built in Illinois. It starts at $72,500. Certain configurations will fall under the $80,000 threshold for SUVs and trucks.
Rivian R1T
Will Sabel CourtneyThe Rivian R1T is built in Illinois. It starts at $67,500. Certain configurations will fall below the $80,000 threshold for SUVs and trucks.
Tesla Model 3
TeslaTesla builds the Model 3 in California. As of this writing, the RWD Model 3 starts at $46,990, which is beneath the $55,000 threshold for electric cars. The 200,000 vehicle limit has been lifted making it eligible again.
Tesla Model Y
TeslaTesla assembles the Model Y at facilities in California and Texas. As of this writing, the Model Y starts at $58,190, which is below the $80,000 threshold for SUVs.
Volkswagen ID.4
VolkswagenVW began production of the ID.4 in Tennessee in July. The ID.4 starts at $37,495, well below the $80,000 threshold for SUVs.
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Keyword: 11 Electric Cars That Should Qualify for the Federal Tax Credit