To meet the North American assembly requirement for electric vehicle credits, both the vehicle’s final assembly and compliance with other IRS regulations are crucial. Here are the EV manufacturers that are most likely to meet this requirement:
- General Motors: Many of General Motors’ vehicles are assembled in the United States, including models from Chevrolet (e.g., Bolt EUV) and GMC (e.g., Hummer EV), which increases the likelihood of meeting the North American assembly requirement.
- Ford Motor Company: Ford assembles electric vehicles like the Mustang Mach-E and the F-150 Lightning in North America. The Mustang Mach-E is assembled in Mexico, and the F-150 Lightning is assembled in Michigan, USA.
- Tesla, Inc.: While Tesla had reached the 200,000 vehicle limit before 2022, it assembles vehicles in the United States. However, starting from 2023, new rules under the Inflation Reduction Act allow certain Tesla models to qualify under different provisions, though they must meet other criteria.
- Rivian: Rivian, a newer EV manufacturer, assembles its vehicles in Normal, Illinois, which clearly meets the North American assembly requirement.
- Stellantis (formerly FCA): Stellantis has been expanding its electric vehicle production capabilities in North America. For example, it has plans to produce electric vehicles at its facilities in the United States, which will help meet the assembly requirement.
To confirm the assembly location of a specific vehicle, you can use the Department of Energy’s VIN Decoder tool or check lists of qualifying models.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/which-ev-manufacturers-are-most-likely-to-meet-the-north-american-assembly-requirement/
