Which EVs qualify for new US tax credit? Websites offer help
WASHINGTON (AP) — As part of the rollout of a huge new climate, tax and healthcare law, the U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers.
Several new websites launched Tuesday to help people identify which vehicles qualify for the credits. Based on data submitted to the National Highway Traffic Safety Administration, at least 31 new 2022 and 2023 models qualify for the tax credit. For starters, they must be made in North America to be eligible.
President Joe Biden signed Democrats’ landmark climate change and health care bill into law on Tuesday. It includes a tax credit of up to $7,500 that could be used to defray the cost of purchasing an electric vehicle.
Models included are the 2022 Ford F Series electric pickup, BMW X5, Nissan Leaf, Chevrolet Bolt, Jeep Wrangler plug-in hybrid, and all four Tesla models.
But some models may exceed sticker-price limits in the complex law, and it remains to be seen whether automakers will be able to find minerals or manufacture batteries that can qualify for the credits.
Consumers can go to https://vpic.nhtsa.dot.gov/decoder/ and key in the 17-digit vehicle identification number of the EV they want to buy to make sure it's made in the U.S., Canada or Mexico. The Treasury Department also released a frequently asked questions page on the new law's provisions.
As of Tuesday, tax credits will no longer be available for vehicles assembled outside of the U.S., Canada or Mexico. But people who signed purchase contracts for EVs before Tuesday could still get the credits. The remaining electric vehicle provisions of the law are effective Jan. 1.
A Treasury official told reporters on a call Tuesday that the plan puts the U.S. 2030...
