The Treasury Department narrowed the list of electric vehicles eligible for a $7,500 consumer tax credit to U.S.-built cars made with battery components from the U.S. or its trading partners.
Shoppers looking for a tax break on a new electric vehicle have fewer options starting today — and all of them come from American brands.The Treasury Department just narrowed the list of EVs eligible for a $7,500 consumer tax credit to U.S.-built cars made with battery components from the U.S. or its trading partners.
But 90% of the best-selling EVs still qualify, including Tesla's Model Y and Model 3 and the Chevrolet Bolt.
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