EVs will likely be popular in the future, which could be good or bad. The US government is focusing more on the change since the EPA posted a full list of electric vehicles (EVs) that can get tax breaks. After doing our study, we made a list of all the EVs that can get either the full $7500 credit or a partial $3750 credit right now. Since we’re mostly interested in new electric cars, government subsidies only cover models made after 2024, even though plug-in hybrid models are also qualified. Even though there are more electric vehicles on the market, the list below could be shorter because of stricter government rules on who can be on it. The most current of these are new laws about where batteries come from that go into effect on January 1, 2024. The 2024 Lyriq Cadillac costs $7500 The sleek and attractive Cadillac Lyriq sits on GM’s Ultium platform, which the GMC Hummer EV and other larger vehicles also use. However, it is the Lyriq that weaves through traffic and flips over dunes. With one motor, the 102.0-kWh battery should let you travel up to 308 miles in comfort. With two motors, it should let you go up to 307. The amount was $58,590 before the $7,500 tax credit. In 2024, the Ford F-150 Lightning will cost $7500 You might think the F-150 Lightning is a gas-powered F-150 if you are still looking for unique markings and a huge light bar across the front of it. On the outside and inside, the Lightning looks a lot like a regular truck. The only difference is that it can go 230 to 310 miles on electricity alone. They do go away quickly, though, when you hook something up to the trailer hitch. The F-150 Lightning starts at $57,090. With the $7500 discount, it costs that much. The Honda Prologue 2024 costs $7500 In the United States, Honda only sells the Prologue as an electric car, but buyers should be interested in the SUV group. You can get the Prologue with either front-wheel drive or all-wheel drive. The all-wheel drive version has 288 horsepower. The Prologue doesn’t have the quick pace that many EVs are known for, but the EPA says it can go 273 to 296 miles, which is a good range. The starting price for the front-drive model is $48,795, and the starting price for the all-wheel-drive model is $56,095. However, after the government reward, each of these prices drops by $7,500. Model 3 Tesla Performance 2024 costs $7,500 The Tesla Model 3 with regular range and rear-wheel drive cannot get the full $7,500 tax credit because of its batteries. The Model 3 Performance, on the other hand, is now less than the $55,000 limit because of a last-minute price drop. The Performance model has a great range for the price—315 miles—and can go from 0 to 60 mph in 3.5 seconds. $7,500 for the Tesla Model Y 2024 Some models of the Tesla Model 3 are left out of the calculation, but all Model Ys can get the full $7,500 credit. Like the Model 3, the Y’s inside is made of cheap materials, which is a shame. There are three models of the Model Y. The base model has rear-wheel drive and costs $44,630. It has an estimated range of 260 miles. The AWD model costs $49,630 and has an estimated range of 330 miles. Finally, the Performance model costs $54,130 and has an estimated range of 303 miles per charge. For $7500, the Model X in 2024 The Model X’s back doors, which look like gull wings, are still a famous party trick, even though the car is old. Even so, Tesla’s bigger SUV can get the full $7,500 refund because its starting price is $81,380, which includes the $1,390 destination fee. This is because it is less than $80,000. The EPA says the X can go 335 miles before it needs to be refueled. The Plaid version has three electric motors that can produce a total of 1020 horsepower for the best efficiency. However, it can’t get any federal tax breaks because its price is much higher than the cutoff. The Volkswagen ID.4 (2024) costs $7,500 Volkswagen’s electric car for regular people stands out because of its stylish look, useful interior, and low price. Because it is made in the company’s plant in Chattanooga, Tennessee, buyers also get the full tax credit. Prices range from $40,290 for the base model to $52,740 for the more powerful Pro S Plus. This means that the VW ID.4 is well within the $80,000 tax credit limit. To be more enthusiastic, we’d like a little more excitement, but the inside is nicely decorated and big enough for the whole family. $3,750 for the Nissan Leaf 2024 With a starting price of $29,280, the Nissan Leaf is now the cheapest electric car you can buy. Prices are even lower because of the half-tax credit. The Leaf’s range is limited to about 200 miles by the way its batteries are set up at their highest level. Also, Nissan’s CHAdeMO charging connector only works with some public charging outlets. The small but well-equipped package makes it easy for city drivers to deal with traffic and tight parking spots. $3,750 for the Rivian R1S in 2024 The first SUV Rivian makes is just a little more expensive than the highest MSRP needed to get the full $7,500 tax credit. With a starting price of $76,700, the R1S comes well-equipped out of the box. We were able to test the quad-motor First Edition and get it to 60 mph in 3.1 seconds. The battery’s basic range is 260 miles. $3,750 for the Rivian R1T in 2024 Rivian’s R1T pickup has almost the same package as the R1S, but it starts at $74,800. For people who want more speed and horsepower, there is a $5,000 dual-motor option. The R1T’s cabin is full of high-end amenities and the latest technology. It has a big 16.0-inch infotainment system and a discreet digital gauge panel.
