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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. Based on these new rules, several vehicles will no longer qualify for the IRA tax credit, including the Nissan Leaf, BMW X5 xDrive45e, Genesis Electrified GV70, Rivian R1S and R1T, and plug-in hybrid Volvos and Audis.

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The Best Electric SUVs on the Market

EV Life

4 2023 $7,500 $80,000 Personalize Incentives PHEVs that Qualify for Tax Credits While all-electric options are steadily increasing as automakers release more EV models onto the market, many drivers looking to make the switch from gas-powered vehicles must consider their unique needs when deciding whether an electric car, truck, or SUV is for them.

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