The EV tax credit’s availability depends on eligibility criteria and how dealers/manufacturers structure pricing, with some models being consistent candidates due to pricing and compliance. Here’s a breakdown:
New EVs
- Tesla Model 3 Performance/Long Range: Eligible for the full $7,500 credit if MSRP is below caps. Tesla explicitly states eligibility for these trims, provided buyers meet income thresholds.
- Price-capped models: Vehicles like the Ford Mustang Mach-E, Chevrolet Bolt EV/EUV, and select Rivian trims often qualify, provided their MSRP stays under $55,000 (SUVs/vans/trucks) or $80,000 (pickups).
Used EVs
- Affordable models: $4,000 credits apply to used EVs priced under $25,000, favoring older Nissan Leafs, Chevy Bolts, and Tesla Model 3s (if discounted). Approximately 30% of used EV listings fall into this bracket.
How Credits Are “Passed On”
- Point-of-sale rebates: Since 2024, dealers can apply the credit as a down payment reduction, effectively passing savings directly to buyers. This applies to all eligible new/used models.
- Lease loophole: Leased EVs (e.g., Hyundai Ioniq 5) often qualify for full credits even if the model itself isn’t eligible for purchase credits, as commercial EVs face fewer restrictions.
Consistency Factors
- Manufacturer adjustments: Automakers like Tesla and GM actively price models (e.g., Bolt EV) to stay within MSRP caps.
- IRA sourcing rules: Models using domestically sourced batteries (e.g., Ford Lightning) are more likely to retain eligibility long-term.
No single model guarantees a credit, but those designed around IRA criteria (price, battery sourcing) are consistently positioned to qualify. Check the IRS’s updated list for real-time eligibility.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-models-where-the-tax-credit-is-consistently-passed-on/
