The tax credit for new clean vehicles includes a battery component requirement where a certain percentage of the value of the battery components must be manufactured or assembled in North America. This percentage requirement increases over time as defined by the Inflation Reduction Act:
- 2023: At least 50% of battery components value must be made in North America.
- 2024 and 2025: 60%
- 2026: 70%
- 2027: 80%
- 2028: 90%
- 2029 and later: 100%
However, the search results do not specify which specific vehicle brands or models currently meet this battery component requirement. Instead, eligibility depends on whether the vehicle’s battery meets or exceeds these North American manufacturing thresholds.
Since detailed data on brands meeting these precise sourcing requirements is generally provided by manufacturers or verified by regulatory agencies on a vehicle-by-vehicle basis, potential buyers should consult official IRS clean vehicle credit resources or individual vehicle manufacturers for up-to-date confirmation of which brands and models qualify for the battery component portion of the credit.
In summary, brands that have batteries with at least 50% (in 2023) North American-made components and that continue to increase this percentage according to the schedule will meet the battery component requirements for the tax credit, but exact brand/model lists are not provided in the available sources.
Additional eligibility criteria for the tax credit include battery capacity (minimum 7 kWh) and vehicle weight limits, but the component requirement percentage is specific to battery manufacturing origin.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/which-brands-meet-the-battery-component-requirements-for-the-tax-credit/
