Background News: EVs Eligible for $7,500 Tax Credit in Inflation Reduction Act
EV Tax Credits Clarified: Which Cars Get the Full Benefit?
Only 16 models are now eligible for a full or partial tax credit, which will factor into the vehicle choices for private- and public-sector fleets as well as the vast American retail vehicle market.
April 19, 2023
The list of qualifying electric vehicles will likely change often for the next several years. Some vehicles that have lost all or part of their tax credit could regain it as car builders change suppliers, according to Kelley Blue Book.
Photo: Getty Images / com3alexd
1 min to read
While Congress rewrote the rules governing EV tax credits in a law passed last year to take effect Jan. 1, 2023, it has taken time for agencies to figure out how they’ll carry out the new law.
The new law was confusing, with some changes delayed until now. Congress' intent was to shape the future auto industry while incentivizing Americans to buy electric vehicles. This explainer from Kelley Blue Book lays out the details, including a quick-hit list of qualifying cars and incentive amounts.
For a complete list of updated tax incentives for: new plug-in and fuel cell electric vehicles and used plug-in and fuel cell electric vehicles, check out the Department of Energy’s updated Tax Incentive and Credit Guide.
As to the BIG WHY of all these changes, a report in the Wall Street Journal analyzes the latest plans to favor EV manufacturers who meet new thresholds that require a certain percentage of the battery parts and minerals to come from a qualifying country.
More Green Fleet
Sponsored•October 1, 2026
New Propane Autogas Program Offers Fleet Compensation
Qualified commercial fleets can receive $7,500 per eligible propane autogas vehicle and up to $10,000 for new refueling site prep. Learn how the program works and see whether your fleet qualifies.
Read More →
EV Charging Use Is Outpacing Infrastructure Growth
ChargePoint’s 2026 Charging Forward Report points to rising charger use, higher-powered charging, commercial vehicle electrification, and energy-management technology. Here’s what fleets should know.
Read More →
Merchants Fleet Reports 290M EV Miles as Fleets Navigate Changing Electrification Market
From millions in operating savings to hundreds of millions of EV miles, Merchants Fleet’s latest report reveals what’s working and what’s changing in fleet electrification.
Read More →
The EV Breakdown Nobody's Talking About: Why Most Electric Vehicle Roadside Calls Aren't Mechanical Failures
Here's why EV breakdowns are widely misunderstood.
Read More →
ChargePoint Now Available in Energy Pass
ChargePoint and additional planned charging network integrations were added to GM's Energy Pass.
Read More →
First Look: Slate Auto's Electric Fleet Pickup
Could an affordable, modular EV pickup make electrification more practical for fleets?
Read More →
Slate Debuts Colorful, Unique EV Models
A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.
Read More →
Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets
Everything about this EV is counterintuitive and understated, making it stand out from the crowd.
Read More →
Inspiration Mobility Acquires Key Electrada Assets
Inspiration Mobility Group has acquired select assets of Electrada, adding the fleet electrification provider's team, technology, and charging infrastructure development capabilities to its energy management business.
Read More →