Automotive Fleet
MenuMENU
SearchSEARCH

EVs Eligible for $7,500 EV Tax Credit in Inflation Reduction Act

The Inflation Reduction Act changes the availability of electric vehicle tax credits to only those assembled in North America. Several popular EVs — Hyudai Ioniq 5, Kia EV6, and BMW — i4 aren't eligible.

August 19, 2022
EVs Eligible for $7,500 EV Tax Credit in Inflation Reduction Act

The total amount of the tax credit allowed for an electric vehicle is limited to $7,500.

allowed for an electric vehicle is limited to $7,500.[|CREDIT|]

Photo: Canva

2 min to read


The Inflation Reduction Act of 2022, the major climate bill, went into effect on Aug. 16, adding a new requirement for final assembly in North America. As of now, only EVs assembled in North America qualify for the electric vehicle tax credits.

In the new climate bill, there are several additional provisions that will affect the availability of EV credits; they will go into effect over the coming months and years.

Ad Loading...

The Department of Energy has provided a list of model year 2022 and early model year 2023 electric vehicles that could meet the final assembly requirements. For some vehicle manufacturers, the build location may vary based on the specific vehicle, trim, or the date in the model year when it was produced; some vehicle models are produced in multiple locations.

To identify the manufacturer location for a specific vehicle, search the vehicle identification number (VIN) of the vehicle on the VIN Decoder website for the National Highway Traffic Safety Administration (NHTSA).

According to the IRS, the total amount of the credit allowed for a vehicle is limited to $7,500. For vehicles acquired after Dec. 31, 2009, the credit is equal to $2,500 plus $417 (for a vehicle that draws propulsion energy from a battery with at least 5 kilowatt hours of capacity). An additional $417 is added for each kilowatt hour of battery capacity beyond 5 kilowatt hours.

Some car manufacturers have already reached a cap of 200,000 EV credits used. That cap is lifted on Jan. 1, 2023, so cars identified as “manufacturer sales cap met” won’t qualify for the electric car tax credit until 2023.

The Department of Energy’s list will most likely change with the EV tax credit’s upcoming provisions or as manufacturers change their production plans.

Ad Loading...

Learn more in this video with Mike Antich.

More Fleet Forward

FFC updates and news template
Fleet Forwardby StaffAugust 22, 2026

What Fleets Want: FFC Panel to Examine the Future of the Fleet-OEM Relationship

Fleet and OEM leaders will tackle how connected vehicles, embedded telematics, and data are changing the relationship between commercial fleets and automakers.

Read More →
A graphic with the 2026 Fleet Manager of the Year finalists
Fleet Forwardby Faith HowellAugust 19, 2026

2026 Fleet Manager of the Year Finalists Announced

Who are the 2026 Fleet Manager of the Year finalists?

Read More →
John Rossant speaker keynote image
Fleet Forwardby StaffAugust 18, 2026

John Rossant to Deliver Opening Keynote at 2026 Fleet Forward Conference

The CoMotion founder will draw on developments across Europe, China, the Middle East, and other international markets to identify trends that could influence how U.S. fleets plan for the coming decade.

Read More →
Ad Loading...
Vibe coding webinar promo image
Fleet Forwardby StaffAugust 12, 2026

How to Build Custom Fleet Tools With AI and Vibe Coding [Webinar]

A new Automotive Fleet webinar explores how fleet managers are using AI and vibe coding to automate routine work and create simple operational tools without traditional programming skills.

Read More →
speaker card for Fresh Voices seminar at FFC
Fleet Forwardby StaffAugust 10, 2026

Is Fleet Ready for Its New Disruptors?

Three emerging leaders from a corporate fleet, public fleet, and the automotive supply chain will bring new ideas and a willingness to challenge industry norms to the Fleet Forward Conference stage.

Read More →
A fleet forward safety symposium announcement photo from NAFA
Fleet Forwardby News/Media ReleaseAugust 5, 2026

NAFA Announces 2026 Fleet Safety Symposium Education Program

Register for NAFA’s Fleet Safety Symposium and save $200 on your Fleet Forward Conference registration.

Read More →
Ad Loading...
Speaker card for vibe code session at Fleet Forward Conference
Fleet Forwardby Chris BrownAugust 3, 2026

Fleet Managers Take the Lead in Hands-On AI Workshop at FFC

The fleet manager-led session will show how to use “vibe coding” to build practical fleet tools without a traditional programming background.

Read More →
FFC seminar speaker card Cost of Crashes
Fleet Forwardby StaffJuly 31, 2026

NETS Crash-Cost Data and CoolSys’ 80% Loss Reduction Take Center Stage at FFC

NETS will present findings from its latest Cost of Crashes research, then CoolSys safety leader and author Shawn Martinez will explain how the company built a safer driving culture across 3,500 employees.

Read More →
seminar card for Gray Fleet Risk session at Fleet Forward Conference
Fleet Forwardby StaffJuly 24, 2026

Is Your Grey Fleet Creating an Unmanaged Safety Risk?

NCR Atleos Fleet Manager Jose Rocha will join Cardata and SambaSafety experts at Fleet Forward Conference to examine how fleets can extend safety oversight to every employee who drives for business.

Read More →
Ad Loading...
speaker image for Fleet Forward Conference session on agentic AI
Fleet Forwardby StaffJuly 22, 2026

Agentic AI Session at FFC Will Help Fleets Turn Data Into TCO Action

Mike Albert Fleet Solutions and Motorq will show how agentic AI can uncover maintenance, fuel, and utilization savings buried across disconnected fleet data.

Read More →