Is Your Favorite SUV EV Eligible for a Tax Credit?

The SUV that you thought wasn't eligible for the up to $7,500 electric vehicle tax credit in January, might qualify now.

Green SUV EV
(Image credit: Getty Images)

The new EV tax credit, while generally welcomed by some consumers and lawmakers, has caused confusion, in part because of new rules surrounding electric vehicle price limits, and for manufacturing, sourcing, and assembly that make some vehicles ineligible for the credit. So, there are ongoing questions about which vehicles qualify and whether certain electric vehicle models are considered cars or SUVs for purposes of the tax credit.

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Kelley R. Taylor
Senior Tax Editor, Kiplinger.com

As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.