Tesla's Cybertruck is now eligible for up to $7,500 in US tax credits due to new government rules shaping EV market incentives, reflecting changing eligibility landscapes.
The recent reclassification of EVs under the Inflation Reduction Act has seen a decrease in qualified models, now totaling 18, down from 22 in the previous year.
Federal subsidies for electric vehicles have become more restrictive, with limitations on income and vehicle price affecting new car buyers' eligibility for credits.
Volkswagen's ID.4 crossover, which previously qualified, is now ineligible for the full $7,500 tax credit, highlighting the volatility in EV subsidy qualifications.
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