[Martinjlm]

Originally Posted by 90503

Is there a list yet of which EVs qualify (or will soon qualify) for the tax credit of $7.5K?

EDIT: Found this. https://electrek.co/2022/11/16/which...al-tax-credit/

Appears nothing is written in stone yet.

It’s a sliding scale. There are different ranges of qualification based on

• Where the vehicle is built
• Where the batteries are assembled
• Where some of the battery raw materials are sourced
• Price of the vehicle
• Income bracket of the buyer

Ignoring the income bracket thing since that’s something the vehicle manufacturer cannot control, The vehicle price is the first filter. Having passed that, where the vehicle is built accounts for half of the incentive ($3,750). It either qualifies or it doesn’t.

The remaining $3,750 is dependent on the battery sourcing and the battery material sourcing and is variable from $0 - $3,750, depending on a number of things, and it changes from year to year.

The highest hurdle for any vehicle is where the battery materials (cobalt, graphite, lithium, manganese, nickel) are sourced. Throughout the rollout of the IRA, the percentage of minerals sourced from “friendly” locations changes, so it’s possible for a vehicle to qualify for some of the materials sourcing incentive in 2024 and not in 2025 simply because of the change in percentage required.

Because of the requirements for vehicle build location, battery assembly location, and battery mineral sourcing, car makers are in the process of making changes on where they will build their vehicles and their batteries. Readers Digest version…they’re looking hard at bringing assembly (spelled j-o-b-s) to the US, Mexico and Canada. They are also striking deals with mines and mineral processors that can affect their compliance and incentive qualifications. My staff is actively consulting with multiple car makers and component suppliers on this issue.