Which electric vehicles eligible for a $7,500 rebate?

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The Inflation Reduction Act, signed by President Joe Biden, is a significant climate bill;

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That aims to reduce inflation while advancing clean energy solutions.

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The new law changes which electric vehicles are eligible for the Clean Vehicle Credit;

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Only North American electric vehicles with final assembly are now eligible for the $7,500 tax credit.

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Manufacturers using their 200,000 electric vehicle credits will not be eligible until January 1, 2023.

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The following electric vehicles are eligible, according to the US Department of Energy:

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2022 Audi Q5, 2022 BMW 3-series Plug-in, 2022 BMW X5

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2022 Ford Escape PHEV, 2022 Ford F Series, 2022 Ford Mustang MACH E, 2022 Ford Transit Van.

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2022 Tesla Model 3, S, X, Y, 2022 Volvo S60, 2023 BMW 3-series Plug-In

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