agent Entrepreneur logo
MenuMENU
SearchSEARCH

Some EVs to Lose Tax Credit Status

Updated rules restrict eligibility due to materials sourced in countries the U.S. wants to distance from.

December 22, 2023
Some EVs to Lose Tax Credit Status

The Ford F-150 Lightning will maintain eligibility for the full $7,500 tax credit.

IMAGE: Ford

1 min to read


Ford and General Motors said they expect some of the electric-vehicle models will at least temporarily lose eligibility for a federal tax credit after the new year due to stricter limits.

Ford said its Mach-E and Lincoln Aviator Grand Touring hybrid will no longer be eligible for a credit but that its F-150 Lightning will keep the full $7,500 tax break, according to news reports.

Ad Loading...

GM said its Cadillac Lyriq and Chevrolet Blazer won’t be eligible after the new year. Its Chevrolet Bolt EV will continue to be eligible.

The loss of eligibility is due to some EV materials being sourced in overseas markets the U.S. has barred as EV component sources. The Biden administration has enacted such restrictions in order to limit U.S. reliance on some overseas markets, particularly China.

The credits are intended to spur EV adoption to help ease climate-degrading pollution and to increase domestic electric-vehicle component manufacturing and sourcing for greater independence.

Tesla has said some of its models will also lose eligibility under the updates rules.

Originally posted on Auto Dealer Today

More Dealer Ops

Car key, stacks of coins, and a paper car cutout with AutoPayPlus logo, representing auto financing, loan terms, and vehicle affordability trends.
Dealer Opsby StaffMarch 31, 2026

Survey Reveals What Won't Fix What's Breaking Car Sales

AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.

Read More →
Headshots of two male executives
Dealer Opsby StaffMarch 24, 2026

IA American Appoints Two Execs

Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.

Read More →
Dealer Opsby Hannah MitchellAugust 26, 2025

Franchises, Throughput Down in First Half

A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.

Read More →
Ad Loading...
SalesAugust 25, 2025

How to Build a High-Performance Sales and F&I Team

Performance and profits start with people chosen and led the right way.

Read More →
Dealer Opsby Hannah MitchellAugust 19, 2025

Buy-Sells Up in Q2

Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.

Read More →
F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
Ad Loading...
Industryby StaffMarch 26, 2025

March New-Vehicle Sales Healthy

Despite incentive spending not keeping pace with deliveries volume, consumers make their purchases ahead of tariffs impact.

Read More →
Product & Technologyby StaffMarch 13, 2025

New DOWC Program Debuts

Hybrid solution combines benefits of reinsurance and dealer-owned warranty companies.

Read More →
Dealer OpsJanuary 15, 2025

Carryover Rate Important for Auto Retailers

Understanding how it plays into inventory risk management is an important consideration.

Read More →
Ad Loading...
Trainingby StaffJanuary 13, 2025

Dealer Survey Finds Anxieties

Kerrigan Advisors poll shows percentage of retailers expecting lower profits, valuations is on the rise.

Read More →