To qualify for the full $7,500 federal tax credit, an EV must meet strict requirements that continue to get progressively more stringent as the decade wears on. For 2025, they are as follows: It must be built in North America (U.S., Canada, or Mexico).

The list of EVs eligible for a federal tax credit is small at the beginning of 2025, but it should grow. Find the current list here.

Republicans are eager to slash electric vehicle tax credits even as they struggle to coalesce around a strategy for a major tax and spending bill. The EV credit tops the list of green subsidies enacted via the 2022 Inflation Reduction Act,