ev-incentive-flow-chart-7854fc7bc0b390e4.pdf

A guide by Energy Innovation outlining the eligibility criteria for federal tax credits for new and used passenger electric vehicles, including MSRP limits, income caps, and battery sourcing requirements.

• To qualify for the full $7,500 federal tax credit for a new passenger electric vehicle, the vehicle's MSRP must be $55,000 or less for sedans and $80,000 or less for SUVs, vans, or pickup trucks. Additionally, the buyer's Adjusted Gross Income must be $150,000 or less for individuals, $225,000 or less for heads of household, or $300,000 or less for joint households.
• Eligibility for the new vehicle tax credit depends on North American assembly and specific battery requirements. Battery components produced or manufactured in North America must meet increasing thresholds from 50% in 2023 to 100% by 2029+. Critical minerals extracted, processed, or recycled in North America or a US free trade agreement country must meet thresholds from 40% in 2023 to 80% from 2027 onwards. Vehicles are ineligible starting in 2024 if battery components are from a foreign entity of concern, and starting in 2025 if critical minerals are from a foreign entity of concern.
• Used passenger electric vehicles may qualify for a federal tax credit of 30% up to $4,000 if the sale price is $25,000 or less and the buyer's Adjusted Gross Income is $75,000 or less for individuals, $112,000 or less for heads of household, or $150,000 or less for joint households.

APA

Energy Innovation (n.d.). ev-incentive-flow-chart-7854fc7bc0b390e4.pdf. https://energyinnovation.org/wp-content/uploads/EV-Incentive-Flow-Chart.pdf

Chicago

Energy Innovation. ev-incentive-flow-chart-7854fc7bc0b390e4.pdf. n.d. https://energyinnovation.org/wp-content/uploads/EV-Incentive-Flow-Chart.pdf.

Wikipedia

{{cite report |author=Energy Innovation |title=ev-incentive-flow-chart-7854fc7bc0b390e4.pdf |url=https://energyinnovation.org/wp-content/uploads/EV-Incentive-Flow-Chart.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{energyinnovationndevincentiveflowchart7854fc7bc0b390e4pdf, author = {{Energy Innovation}}, title = {{ev-incentive-flow-chart-7854fc7bc0b390e4.pdf}}, institution = {Energy Innovation}, url = {https://energyinnovation.org/wp-content/uploads/EV-Incentive-Flow-Chart.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }