The updated list of EVs eligible for up to $7,500 in tax credits is out — here's which models qualify under the stricter rules

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Bolt; Model 3; Lyriq; Mach-E
Few all-electric car models qualify for the full $7,500 tax credit in the US.

Chevrolet; Tesla; Cadillac; Ford

Tesla's cut prices in the US yet again, this time by as much as $5,000

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A red Tesla Model S. parked on a paved road against a red building.
The Tesla Model S is now $5,000 cheaper.

Tesla

Tesla and other automakers are giving hefty discounts to make up for shrinking EV tax credits

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2023 GM Cadillac Lyriq start of production
GM expects the Cadillac Lyriq to qualify for tax credits, but other EVs might not, and automakers will have to take action to remain competitive.

JD Adams for General Motors

Automakers are using a legal loophole to get customers an extra $7,500 tax credit — and business is booming

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Lucid Air Grand Touring
Lucid is one of the companies that has offered customers a monthly savings if they lease one of their EVs.

Lucid

Tesla bull sees the stock soaring another 18% on higher EV demand in China and potential boost from adjustments to US tax credit

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Elon Musk at the Tesla giga-factory in Berlin.
Tesla boss Elon Musk in Berlin.

Getty Images

Tesla gets a big tax credit win as rules Elon Musk called 'messed up' get changed to include more vehicles

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Tesla Model Y crossover
The Tesla Model Y is now eligible for the federal tax credit in more configurations than before.

Tesla

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