US electric vehicle buyers can now receive up to $7,500 tax credit at the time of purchase at dealerships, rather than claiming it later in tax paperwork. However, only 19 models are currently eligible for the IRA purchase incentive, Kallanish reports.

From Monday, only 10 models can claim the full $7,500 tax credit – nine all-electric vehicles (BEVs) and one plug-in hybrid electric vehicle (PHEV). The remaining nine models are eligible for $3,750 as their batteries do not meet the eligibility criteria and likely has ties to China and/or other foreign entity of concern (FEOC).

The full discount applies to Chevrolet’s Bolt EUV and EV, Ford’s F-150 Lightning (two versions), Tesla’s Model 3 Performance, Model X Long Range, Model Y AWD, Model Y Performance and Model Y RWD. Chrysler’s Pacifica PHEV is the only PHEV to receive the full subsidy.

Other partial discounts can be claimed for Jeep’s Grand Cherokee PHEV and Wrangler PHEV, Lincoln’s Corsair Grand Touring, Rivian’s R1S and R1T (six models in total), and Ford’s Escape PHEV.

Last year, 43 vehicles qualified for the incentives. Despite the new rules, 2024’s list could still grow as “some qualified manufacturers have yet to submit information on eligible vehicles that meet the current requirements,” the IRS notes.

In addition to final assembly location, battery component and/or critical minerals sourcing, the credit availability is also linked to the vehicle’s suggested retail price and purchaser’s income.

Some of the models missing the incentives this year include Tesla Model 3, Volkswagen ID.4, Nissan Leaf, Ford Mustang Mach-E, and Chevrolet Blazer, Equinox and Silverado.