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    A $7,500 tax credit for electric cars changed, again. These are the models impacted

    Starting on Tuesday, fewer vehicles will qualify for a full $7,500 tax credit, but many popular vehicles will still get a substantial discount. Here's what automakers have confirmed so far.
    by Camila Domonoske Apr 15, 2023 4 minutes
    Tesla cars sit on a lot in Chicago on March 28, 2022. A $7,500 tax credit for purchasers of new electric vehicles is changing again after the U.S. unveiled new guidelines that will impact the list of car models that qualify.

    The federal tax credits for electric vehicles, which have been a cause of confusion for automakers and car shoppers alike for months, are about to go through another big change.

    Starting Tuesday, fewer vehicles will qualify for the current $7,500 tax credit. Some will get a $3,750 credit instead, and some cars will no longer get any credit at all, thanks to battery sourcing requirements that are kicking in.

    The new rules, which were announced last month, require a certain percentage of battery minerals and components be sourced from North America or a U.S. trade partner. They are meant to incentivize U.S.-based production and were a part of the massive climate bill that revamped the tax credit for electric cars.

    The official list of eligible vehicles will not be available until the IRS publishes it, which is expected to happen by Tuesday.

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