Don't worry if the lack of a federal tax credit put you off from buying certain Tesla Model Y variants or other EVs — they might now qualify. The Treasury Department has revised its classification standard to treat more vehicles as SUVs rather than sedans, raising the price threshold from $55,000 to $80,000 and making more EVs eligible for the Internal Revenue Service's (IRS) full $7,500 credit under the Inflation Reduction Act.