Which Vehicles Qualify for an EV Tax Credit in 2022?

EVs are becoming a hot commodity, and many models offer tax credits of up to $7,500 from manufacturers that qualify. Learn more about which vehicles qualify, and which are excluded from receiving an EV tax credit in 2022.
Written by Jason Crosby
Reviewed by Kathleen Flear
Jan 20, 2022
No one likes paying taxes—but finding a way to reduce the amount of money that you have to cough up, come tax season, certainly sounds appealing. But for
EV owners
, there’s an appealing option—the possibility of receiving an EV tax credit in 2022. While it won’t apply to your 2021 tax return to the IRS, it will potentially help save you on some
tax costs
in the future. 
Keep in mind—there are certain vehicles that apply, and some that don’t. Pay close attention, though, and you’ll know exactly which vehicles qualify for an
electric vehicle
tax credit in 2022. 
Not all EVs qualify for a tax credit this year.

Which vehicles qualify for the credit?

The long list of vehicles that qualify for an EV tax credit in 2022 includes EVs from the following auto manufacturers (per
Cars.com
): 

Why aren’t Tesla or GM EVs included? 

You may notice something surprising—there’s no way to get an EV tax credit in 2022 for a
Tesla
or
GM
EV. The reason is that once a car manufacturer sells its 200,000th vehicle, the credit is reduced, being cut in half to $3,750, is then halved again after a period, and then finally phased out. 
Tesla, as popular of a manufacturer as it is, ran out of tax credits in 2019, and GM has run out of credits as well, even for the new
Hummer EV model

There’s a catch to receiving an EV tax credit 

As a way to incentivize consumers to buy green vehicles, the federal government is offering up to $7,500 in available credit to filers who purchase an EV. There’s still one catch that’s important to pay attention to: filers can only receive a maximum write-off amount of $7,500, meaning that if you owe more than the credit amount, you’ll at least have $7,500 deducted from your owings. 
For those who owe less than $7,500 to the IRS, your total amount of money owed will be canceled out, but you won’t receive the difference as pocket change. For example, if you owe $4,200, the amount will be reduced to zero, but the difference of $3,300 doesn’t come back to you. 

Find great car insurance rates for your EV 

Even though we can’t help you file your taxes, we can offer you great savings, thanks to our comprehensive app.
Jerry
can help you finally figure out whether you’ve been paying too much to insure your EV. Sign up with us today and start putting that extra money back in your own pocket.
icon
Compare Car Insurance Quotes For Free
Jerry automatically shops for your insurance before every renewal. Members save $872/year.
rating primary
4.7/5
Rating on App Store
Start saving money!
12,000+ Reviews
Trusted by 3.5M car owners like you
National General
Allstate
AAA
Aig
Chubb
ClearCover
CSE
Dairyland
DirectAuto
Elephant Auto Insurance
Kemper
Libertymutual
Gainsco
Mapfre
Mercury Auto
Metromile
Nationwide
Plymouth Rock
Progressive
State Auto
Safeco
Travelers
Metlife
Bristol West
National General
Allstate
AAA
Aig
Chubb
ClearCover
CSE
Dairyland
DirectAuto
Elephant Auto Insurance
Kemper
Libertymutual
Gainsco
Mapfre
Mercury Auto
Metromile
Nationwide
Plymouth Rock
Progressive
State Auto
Safeco
Travelers
Metlife
Bristol West

You might also be interested

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free