Yes, there are several upcoming SUVs that qualify for the federal EV tax credit of up to $7,500 for the 2025 model year and beyond. Key newly eligible electric SUVs include:
- 2025 Acura ZDX: Acura’s first electric vehicle, available with either front-wheel or all-wheel drive. It has a range between 288 and 325 miles, horsepower up to 500 in the Type S version, and prices from about $65,745 to $74,745. Every version qualifies for the full $7,500 tax credit.
- 2025 Cadillac Lyriq and 2025 Cadillac Optiq: These are also new electric SUVs from Cadillac eligible for the credit, though details on pricing and trims vary.
- Tesla Cybertruck: Tesla’s electric pickup truck, which some consider a crossover SUV, is newly eligible for the tax credit at certain trims under the $80,000 MSRP cap.
- Kia EV9: A large electric SUV from Kia, newly eligible for the federal tax credit provided it meets the MSRP and battery sourcing requirements.
- Hyundai Ioniq 5 and Kia EV6: While more crossover-like, these SUVs remain eligible for the full tax credit on qualifying trims.
These vehicles meet the stricter 2024+ federal EV tax credit requirements involving battery sourcing and assembly rules. The credit applies only to new EVs with MSRP under $80,000 for SUVs and similar vehicles.
The list of qualifying models is still evolving as manufacturers adjust to supply chain rules and refine battery sourcing to maintain eligibility. Buyers should verify specific trims and VIN eligibility using the EPA or Department of Energy tools before purchase to ensure the $7,500 credit can be claimed.
In summary, multiple upcoming 2025 and 2026 electric SUVs are slated to qualify for the federal tax credit, including the Acura ZDX, Cadillac Lyriq, Kia EV9, Tesla Cybertruck, and others, contingent on MSRP and battery sourcing compliance.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-upcoming-suvs-that-will-qualify-for-the-tax-credit/
