It’s a new year, and that means there’s a new list of EVs and plug-in hybrids that are eligible for the $7,500 electric vehicle tax credit. Because of more stringent requirements, quite a few cars that were on last year’s list are no longer eligible. However, we’ve got plenty of newcomers, and it’s actually slated to grow throughout 2025 as more vehicles go on sale.
By my count, there are currently 18 EVs and PHEVs eligible for the government’s electric vehicle tax credit, according to the U.S. Department of Energy. Of course, that could all change with the upcoming administration, but let’s just assume Trump isn’t gonna screw this all up. Anyway, EVs and PHEVs from Audi, Ford, Jeep, Lincoln, Rivian and Volkswagen that qualified in 2024 were dropped from the list as of January 1.
On the flip side, Hyundai, Kia and Genesis, which didn’t have any vehicles that qualified last year, now have a handful. You can thank U.S. battery and EV assembly plants that came online for that.
Here’s more from Automotive News on 2025’s requirements and how they compare to 2024’s:
Starting in 2024, 60 percent of an EV’s battery components must be assembled in North America and no components can come from a “foreign entity of concern,” including China, Iran, North Korea and Russia.
What changed for 2025 are the sourcing requirements for critical battery minerals. Now, 60 percent must be extracted or processed in the U.S. or one of its free-trade partners, up from 50 percent, or be recycled in North America. The minimum is set to be 70 percent next year and 80 percent in 2027. Battery materials also can no longer come from a foreign entity of concern.
[…]
The federal purchase credit is split into two elements. A vehicle can qualify for half-credit by meeting requirements for battery component production or assembly in North America. The other $3,750 is contingent upon where minerals in the battery are sourced. The sticker price also must be no more than $80,000 for pickups, SUVs and vans and $55,000 for other vehicles.
With all that being said, let’s take a look at the 18 vehicles you can currently buy that qualify for the federal EV tax credit. As a quick note, the credit applies to all trim levels unless otherwise specified. Here’s the full list (all prices include destination, but don’t include tax credit):
2024-2025 Acura ZDX
2024-2025 Cadillac Lyriq (Luxury & Sport)
- $62,690 (Luxury)
- $63,190 (Sport)
2025 Cadillac Optiq
2024-2025 Chevy Blazer (LT, RS & SS)
- $45,995 (LT)
- $51,295 (RS)
- $61,995 (SS)
2024-2025 Chevy Equinox EV (LT & RS)
2025 Chevy Silerado EV (LT)
2024-2025 Chrysler Pacifica PHEV
2023-2025 Ford F-150 Lightning (XLT, Flash & Lariat)
- $65,785 (XLT)
- $70,785 (Flash)
- $79,785 (Lariat)
2025 Genesis Electrfied GV70
2024-2025 Honda Prologue
2025 Hyundai Ioniq 5
2025 Hyundai Ioniq 9
2026 Kia EV6
2026 Kia EV9
2025 Tesla Cybertruck (Single Motor & Dual Motor)
- $61,000-ish (Single Motor – in theory)
- $82,235 (Dual Motor)
2025 Tesla Model 3 (LR Rear-Wheel Drive, LR All-Wheel Drive & Performance)
- $44,130 (Long Range Real-Wheel Drive)
- $49,130 (Long Range All-Wheel Drive)
- $56,630 (Performance)
2025 Tesla Model X (All-Whee Drive)
2025 Tesla Model Y (LR Rear-Wheel Drive & LR All-Wheel Drive)
- $46,630 (Long Range Real-Wheel Drive)
- $$49,630 (Long Range All-Wheel Drive)
