Only 13 Cars Qualify For 2024 EV Tax Credit Under New Rules

The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1.

Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according to federal data from fueleconomy.gov. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.