"New EV Tax Credit Rules Limit Eligibility to Six Models"

Starting April 18th, only six electric vehicles (EVs) will qualify for the full $7,500 federal tax credit, as per the new guidelines released by the IRS. The updated rules pertain to EV batteries and cut out China as an approved trading partner, resulting in a shorter list of qualifying EVs. However, EVs that meet certain requirements can still qualify for a half credit of $3,750. The list is expected to grow as automobile manufacturers make changes to meet the rules, but the rules will grow stricter over time.