The law replaces a previous tax break for EVs with a new set of credits, although that depends on where a car is assembled.
Jeep Grand Cherokee PHEV and Jeep Wrangler PHEV2023 models that likely qualify:That list doesn't include the most popular EVs sold in the U.S., including those made by Tesla. While they're assembled in North America, they don't currently qualify for the credit because their makers have gone over a sales cap allowed under a previous law. That sales cap will be lifted in 2023, when other requirements, including those on batteries, come into play.
As a result, these electric cars are ineligible for a credit under the new inflation law: Chevrolet Bolt EV and EUV; GMC Hummer Pickup and SUV; and Tesla Model 3, Model S, Model X and Model Y vehicles. The agency didn't specify whether any EVs made by Toyota are eligible for a tax break.Motorists who bought cars before August 16 but that were delayed after that date — say, because of
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