Trystan Casey
Electric vehicles (EVs) are becoming an increasingly popular alternative to traditional cars, with their appeal growing as their range, performance, and style expand and improve. While EVs currently make up a small percentage of the total automotive market, there are a variety of American-made options available for shoppers looking for zero-emissions driving. These include the Volkswagen ID.4, the Tesla Model Y, the Chevrolet Silverado EV, the GMC Sierra EV, and the VinFast VF 9 Plus. In addition to these, there are various other American-made EVs that qualify for tax credits, such as the Fiat 500e and the Ford F-150 Lightning.
| Characteristics | Values |
|---|---|
| American-made EVs that qualify for a $7,500 tax credit | Fiat 500e, Ford F-150 Lightning, Ford Mustang Mach-E, Chevrolet Equinox EV, Chevrolet Blazer EV, Chevrolet Silverado EV, GMC Sierra EV, VinFast VF 8 Eco and Plus, Volkswagen ID.4 |
| American-made EVs that qualify for a $3,750 tax credit | To be announced by the Department of Treasury |
| EVs with final assembly in North America | Verification of final assembly can be done using the VIN decoder or an information label affixed to the vehicle |
| Clean Vehicle Credit eligibility | Buyers can reduce the purchase price by the amount of their Clean Vehicle Credit by transferring it to the dealer |
| American-made EVs with the most "Americanness" | Tesla Model Y, Volkswagen ID.4, Cadillac Celestiq, GMC Hummer EV Pickup, Hummer EV SUV, Lucid Air, Mercedes-Benz EQS SUV, Rivian R1T, Chevrolet Silverado EV, GMC Sierra EV |
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What You'll Learn
Electric vehicles with final assembly in North America
Electric vehicles (EVs) with final assembly in North America may be eligible for the Clean Vehicle Credit. This credit can be used to reduce the upfront purchase price of the vehicle by the amount of the credit. However, it is important to note that this credit only applies to vehicles purchased and delivered between August 17 and December 31, 2022, and further conditions for eligibility may apply depending on the purchase date.
To verify if an EV underwent final assembly in North America, individuals can refer to the Vehicle Identification Number (VIN) using a VIN decoder or an information label affixed to the vehicle. This verification step is crucial in determining eligibility for the Clean Vehicle Credit.
Some electric vehicles that are assembled in North America include the Volkswagen ID.4, which is produced in Chattanooga, Tennessee, and ranked as the second most American-made electric vehicle in the US in 2024. Additionally, Tesla's vehicles are among the most American-made vehicles on the market due to their market share, but it is worth noting that very few EV models are produced solely in the US.
Other notable mentions include the Chevrolet Equinox EV, a compact electric SUV with a starting price of just under $35,000, and the Ford F-150 Lightning, an electric-only pickup truck with impressive performance and convenience features. VinFast is also an emerging electric car company offering competitive lease deals and incentives on their electric vehicles.
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American-made EVs with full $7,500 tax credit
Electric vehicles (EVs) are becoming an increasingly appealing option for drivers, with their rising range, performance, and style, as well as the growing accessibility of recharging. For those looking to buy an EV in 2025, it's worth noting that there have been significant changes to the federal tax credit of up to $7,500 for EVs and plug-in hybrids. This credit is a non-refundable tax credit offered to taxpayers who purchase qualifying electric vehicles or plug-in hybrid vehicles.
To qualify for the full $7,500 tax credit, a vehicle must meet certain requirements. Firstly, the vehicle's MSRP (Manufacturer Suggested Retail Price) must not exceed certain limits. For SUVs, pickup trucks, and vans, the threshold is $80,000, while for sedans, hatchbacks, wagons, and other vehicles, the credit cuts off at $55,000. Additionally, there are battery and sourcing requirements, each accounting for half of the credit. For the battery portion, a certain percentage of the vehicle's battery must be assembled or manufactured within North America. The critical minerals in the car's battery must also be extracted or processed within the US or a country with which the US has a free-trade agreement.
It's important to note that the eligibility criteria and requirements for the tax credit may change over time, and there may be additional conditions for eligibility. The list of qualifying vehicles may also change as automakers update their vehicles to comply with the requirements.
- Acura ZDX EV (2024 model years; MSRP $80,000 or below)
- Cadillac Lyriq (2024 model year; MSRP $80,000 or below)
- Chevrolet Blazer EV (2024 model year; MSRP $80,000 or below)
- Chevrolet Bolt and Bolt EUV (2022 and 2023 model years; MSRP $55,000 or below)
- Chevrolet Equinox EV (2024 model year; MSRP $80,000 or below)
- Chevrolet Silverado EV (2025 model year, LT trim; MSRP $80,000 or below)
- Chrysler Pacifica Hybrid PHEV (2022-2024 model years; MSRP $80,000 or below)
- Ford F-150 Lightning (2022-2024 model years; MSRP $80,000 or below)
- Honda Prologue (2024 model year; MSRP $80,000 or below)
- Tesla Model 3 Performance (2023-2024 model years; MSRP $55,000 or below)
- Tesla Model X Long Range (2023-2024 model years; MSRP $80,000 or below)
- Tesla Model Y (2023-2024 model years; MSRP $65,000 or below)
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American-made EVs with partial tax credit
Electric vehicles (EVs) are becoming increasingly popular in the US, with automakers expanding their range, performance, and style, and recharging becoming quicker and easier. While Tesla has over two-thirds of the market share, there are many other American-made EVs available.
The US government has also been encouraging the shift to EVs with tax credits. The Clean Vehicle Credit, enacted last August as part of the Inflation Reduction Act, applies solely to American-made EVs. The amount of the tax credit depends on the origin of the battery materials. Buyers may be able to claim $3,750 or $7,500. This credit can be used to reduce the upfront purchase price of the vehicle.
There are several American-made EVs that are eligible for this tax credit. The Volkswagen ID.4, for example, is produced in Chattanooga, Tennessee, and ranked second in the 2024 American-Made Index. The Chevrolet Equinox EV, a compact electric SUV, is another option, with a starting price of just under $35,000. The Ford F-150 Lightning is an electric-only pickup truck with quick acceleration, a host of convenience features, and up to 10,000 pounds of towing capacity. The Silverado EV is another full-size electric truck by Chevrolet.
Other American-made EVs include the Fiat 500e, the Ford Mustang Mach-E, the VinFast VF 8 and VF 9 Plus, the GMC Hummer EV Pickup and SUV, the Lucid Air, the Mercedes-Benz EQS SUV, the Rivian R1S and R1T, the Tesla Cybertruck, and the Chevrolet Blazer EV.
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American-made EVs with no tax credit
Electric vehicles (EVs) are becoming increasingly popular in the US, with automakers expanding their range, performance, and style. While there are many American-made EVs available, the tax credits available for purchasing these vehicles can be confusing.
The Inflation Reduction Act of 2022 amended the Qualified Plug-in Electric Drive Motor Vehicle Credit, now known as the Clean Vehicle Credit. This credit is available for new electric, fuel cell electric, and plug-in hybrid vehicles acquired, delivered, and placed in service after August 16, 2022, with final assembly in North America. This includes Canada and Mexico and is determined by the vehicle's VIN or an information label affixed to the vehicle. The credit can be applied to the upfront purchase price by choosing to transfer the credit to the dealer, but only if the dealer has submitted the necessary information to the IRS.
The amount of the tax credit depends on various factors, including where the EV is made, where its battery components and minerals come from, how much it costs, and the buyer's income. To qualify for the full $7,500 tax credit, the EV must have a portion of its battery components produced or assembled in North America. To get the second $3,750, some of the critical minerals used in the battery must be extracted or processed in the US or a country with a US free trade agreement. These requirements are aimed at moving EV manufacturing and sourcing to the US and away from China.
It's important to note that the tax credit's eligibility and amount can vary depending on the purchase date. For example, vehicles acquired before January 1, 2023, may not qualify for the full tax credit if a sales cap applies. Additionally, the credit has different requirements for leased EVs, and buyers with higher incomes may still be able to take advantage of the credit.
While American-made EVs with no tax credit information were difficult to find, some EVs that may qualify for partial or full tax credits include the Nissan Leaf, VW ID.4, Audi Q4 E-Tron, Fiat 500e, Ford F-150 Lightning, Ford Mustang Mach-E, Chevrolet Equinox EV, and Blazer EV.
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American-made EVs with Clean Vehicle Credit
Electric vehicles (EVs) are becoming increasingly popular, and their appeal continues to grow as automakers expand their range, performance, and style, and recharging becomes quicker and easier. In the United States, the federal government offers tax credits to buyers of certain EVs to encourage their adoption. These tax credits can be claimed when filing your tax return, and they can significantly reduce the cost of purchasing an EV.
The Clean Vehicle Credit, also known as the Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit, is available for eligible clean vehicles placed in service from January 1, 2023, onwards. This credit is designed to encourage the adoption of zero-emissions vehicles and reduce the country's carbon footprint. To be eligible for the Clean Vehicle Credit, a vehicle must have undergone final assembly in North America, including the United States, Canada, and Mexico. It is important to note that verification of North American final assembly is just the first step in determining eligibility, and other conditions may apply depending on the purchase date.
The amount of the Clean Vehicle Credit can vary, and it is essential to refer to the most up-to-date information from the Internal Revenue Service (IRS) to determine eligibility and the credit amount. In some cases, buyers may be eligible for a credit of up to $7,500 for new, qualified plug-in EVs or fuel cell electric vehicles (FCVs). Additionally, beginning January 1, 2024, buyers will have the option to reduce the clean vehicle's upfront purchase price by the amount of their Clean Vehicle Credit by transferring it to the dealer at the point of sale.
Several American-made EVs may be eligible for the Clean Vehicle Credit. It is important to note that eligibility requirements and credit amounts can change, so interested buyers should consult official sources for the most current information. Here are some examples of American-made EVs that may qualify for the Clean Vehicle Credit:
- Chevrolet Equinox EV: This compact electric SUV has a starting price of just under $35,000 and offers a range of drivetrain and battery options.
- Ford F-150 Lightning: The electric-only option in the F-Series lineup offers quick acceleration, convenience features, and impressive towing capacity, with a driving range of up to 320 miles.
- Fiat 500e: This stylish hatchback has an estimated driving range of 149 miles and is expected to be priced below $40,000.
- Ford Mustang Mach-E: With its dynamic driving experience and eye-catching design, the Mustang Mach-E brings electric performance to the iconic pony car nameplate.
- Silverado EV: While Ford beat Chevrolet to the electric pickup truck market, the Silverado EV is a worthy contender with its modern design and impressive performance.
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Frequently asked questions
Some electric vehicles made in America include the Volkswagen ID.4, the Tesla Model Y, the Chevrolet Silverado EV, the GMC Sierra EV, the Ford F-150 Lightning, the Chevrolet Equinox EV, and the Workhorse W-series electric step vans.
The Tesla Model Y was ranked as the most American-made car in the 2024 American-Made Index for the third consecutive year.
Foreign brands like Volkswagen have established production facilities and supply chains in the US, making their vehicles more "American" than some American brands.
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