The electric vehicle (EV) revolution is accelerating, and the U.S. government is offering major incentives to help drivers make the switch. If you’re in the market for a new EV, the federal $7500 EV tax credit could be a game-changer—bringing significant savings on qualifying models.
To help you navigate this incentive, we’ve compiled the complete list of electric vehicles eligible for the full $7500 federal EV tax credit based on the EPA’s updated guidelines for 2025 and 2026.
⚠️ Note: Plug-in hybrids are also eligible for tax incentives, but this list focuses solely on new, fully electric vehicles that meet the 2024 battery sourcing and manufacturing criteria set by the IRS and EPA.
What is the Federal $7500 EV Tax Credit?
The federal EV tax credit is an incentive under the Inflation Reduction Act, offering up to $7500 for qualifying electric vehicles purchased in the U.S. It applies to both new and used EVs (with different criteria), but here we’re focusing on new EVs eligible for the full credit.
To qualify, EVs must meet specific requirements related to:
- Final assembly in North America
- Battery component sourcing
- Critical mineral content
- MSRP price caps ($55,000 for cars, $80,000 for SUVs and trucks)
- Buyer income limits
These new rules came into effect on January 1, 2024, reducing the list of eligible vehicles but improving clarity and compliance.
EVs Eligible for the Full $7500 Federal Tax Credit (2025–2026)
Here’s the list of EVs that currently qualify for the full tax credit according to the latest EPA and IRS criteria:
Acura ZDX (2025)
- Acura’s first EV, based on GM’s Ultium platform
- Range: 288–325 miles
- Power: Up to 500 hp
- Price: $65,745–$74,745
- ✅ Eligible for full $7500 credit
Cadillac Lyriq (2025)
- Luxury SUV with up to 314 miles of range
- Price: Starts at $59,990
- ✅ Eligible for full $7500 credit
Cadillac Optiq (2025)
- Compact SUV with 300-mile range
- Price: $54,390–$57,090
- ✅ Eligible for full $7500 credit
Cadillac Vistiq (2026)
- Three-row EV SUV with 615 hp
- Price: Starts at $78,790
- ⚠️ Only bottom two trims eligible due to $80,000 cap
Chevrolet Blazer EV (2025)
- Range of trims from LT to SS
- Price: $45,995–$61,995
- ✅ Eligible for full $7500 credit
Chevrolet Equinox EV (2025)
- Affordable entry-level EV SUV
- Price: $34,995–$40,295
- ✅ Eligible, with price after credit as low as $27,495
Chevrolet Silverado EV (2025)
- Massive 205-kWh battery, up to 400 miles of range
- Price: $57,095–$97,895 (credit applies to most trims)
- ✅ Full credit applies where pricing meets eligibility
Ford F-150 Lightning (2025)
- EV version of the popular pickup
- Range: Up to 320 miles
- Price: Starts at $49,875
- ✅ Eligible for full $7500 credit
Honda Prologue (2025)
- Honda’s first mass-market EV
- Range: 273–296 miles
- Price: $48,795 (FWD), $56,095 (AWD)
- ✅ Eligible for full credit
Jeep Wagoneer S (2025)
- Jeep’s first full EV SUV
- Range: 303 miles (270 with performance tires)
- Price: Starts at $66,995
- ✅ Eligible for full $7500 credit
Kia EV6 (2026)
- Stylish EV crossover with up to 313 miles of range
- Price: TBA (expected under $55,000 for most trims)
- ✅ All trims expected to qualify
Kia EV9 (2026)
- Three-row SUV with fast-charging and up to 304 miles of range
- Price: $57,000–$80,000
- ✅ Eligible for full credit (depending on trim)
Tesla Cybertruck (2025)
- Dual-motor and single-motor models eligible
- Price: Varies (tri-motor Cyberbeast not eligible)
- ✅ Up to $7500 off dual- and single-motor versions
Tesla Model 3 (2025)
- All trims including Performance now qualify
- Range: Up to 363 miles
- Price: Under $55,000
- ✅ Full $7500 tax credit applies
Tesla Model Y (2025)
- Most popular Tesla SUV
- Price: $44,630–$54,130
- Range: 260–330 miles
- ✅ Full $7500 credit on all trims
Tesla Model X (2025)
- Larger SUV with unique falcon-wing doors
- Price: $81,680 (with destination)
- ⚠️ Eligible due to destination-included pricing under $80K cap
How to Claim the EV Tax Credit
If you’re planning to buy a qualifying EV, you can transfer the credit directly to the dealership, reducing the upfront cost by $7500 instantly—thanks to updated IRS rules from 2024.
Alternatively, you can still claim the credit on your federal tax return for the year of purchase, provided you meet income eligibility.
Final Thoughts: Is It Worth It?
With stricter rules but greater clarity, the Federal $7500 EV Tax Credit is still one of the best ways to make switching to an EV more affordable. As manufacturers ramp up production and fine-tune their supply chains to meet requirements, expect more models to join the eligibility list.
Pro Tip: Always double-check with the IRS or the official EPA list before purchase, as vehicle eligibility can change based on final assembly location and battery sourcing.
