This week, the Inflation Reduction Act passed the House of Representatives and was signed into law by President Biden. 

                By                    Selena Fragassi

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One of the biggest pieces of U.S. legislation in history tackling climate change, there’s been a lot of chatter about ways consumers can take part in the effort and get money back, too. A good chunk of the $369 billion allocated for eco-friendly measures will go toward providing tax credits for the purchase of electric vehicles. 

Yet currently, 90% of minerals used in current production are processed in China, according to Katherine Stainken, vice president of policy for the Electrification Coalition, per Spectrum News.

But all hope is not lost. The U.S. Department of Energy released new information on August 16 outlining 31 makes and models of electric cars that meet the eligibility standard for the credits. Owners can receive up to $7,500 for the purchase of a new EV sedan model with a manufacturer suggested retail price (MSRP) under $55,000 and up to $80,000 for SUVs and trucks.

The following list of vehicles with model years of 2022 and 2023 all include final assembly in North America, verified through information submitted to the National Highway Traffic Safety Administration (NHTSA) and FuelEconomy.gov:

  • 2022 Audi Q52022 BMW 3-Series Plug-In2022 BMW X52022 Chevrolet Bolt EUV (manufacturer sales cap met)2022 Chevrolet Bolt EV (manufacturer sales cap met)2022 Chrysler Pacifica PHEV2022 Ford Escape PHEV2022 Ford F Series2022 Ford Mustang MACH E2022 Ford Transit Van2022 GMC Hummer Pickup (manufacturer sales cap met)2022 GMC Hummer SUV (manufacturer sales cap met)2022 Jeep Grand Cherokee PHEV2022 Jeep Wrangler PHEV2022 Lincoln Aviator PHEV2022 Lincoln Cosair Plug-In2022 Lucid Air2022 Nissan Leaf2022 Rivian EDV2022 Rivian R1S2022 Rivian R1T2022 Tesla Model 3 (manufacturer sales cap met)2022 Tesla Model S (manufacturer sales cap met)2022 Tesla Model X (manufacturer sales cap met)2022 Tesla Model Y (manufacturer sales cap met)2022 Volvo S602023 BMW Series 3 Plug-In2023 Bolt EV (manufacturer sales cap met)2023 Cadillac Lyriq (manufacturer sales cap met)2023 Mercedes EQS SUV2023 Nissan Leaf

However, it’s important to note that the U.S. Department of Energy cautions it’s best to look at the individual car’s Vehicle Identification Number (VIN) to determine the ultimate build location, as some models are produced in multiple locations (especially if they have custom details). 

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The list of applicable vehicles will continue to expand, so it’s suggested to keep checking back to the website. The U.S. Department of Energy has also noted which manufacturers have currently met the 200,000 vehicle credit cap, though this will not be relevant as of January 1, 2023 when that provision is no longer required as part of the new legislation, per CNN.