Only 11 EVs Qualify For America’s New Tax Credit

We counted 14 EVs that are currently built in North America and sold in the US. Of those, only a worrying three are available for less than $40,000 pre-credit. The Chevrolet Bolt and Bolt EUV are the most affordable options, starting at just $26,595 and $28,195, respectively, for the 2023 model year. With the new credit factored in, it will technically be possible to purchase an EV for under $20,000. That’s incredible. Unfortunately, we don’t know how much longer the Bolt will be available as GM moves on to pricier EVs. When the Equinox EV and Blazer EV arrive, they will qualify for the credits.

The Ford F-150 Lightning is somewhat affordable, starting at $39,974 for the base Pro model, but fully-loaded this truck can approach $90,000. There’s also the Ford e-Transit van, a commercial option that costs $46,295 for a cutaway. Since the Ford Mustang Mach-E ($43,895 starting) is built in Mexico, it will technically qualify too. Finally, the Volkswagen ID.4 ($41,230 with a cheaper model coming) is now built in Chattanooga, Tennessee, so it’s the only non-American brand that fits the bill at present.