Just ten electric cars sold in the U.S. will be eligible for the complete $7,500 EV tax credit when new guidelines take impact on January 1, 2024.

As lately confirmed, new guidelines are becoming implemented to persuade producers to create and supply EV supplies in the U.S. The most crucial alter implies that EVs with battery elements created or assembled by a business primarily based in a ‘foreign entity of concern’ (FEOC) will not be eligible for the credit. These FEOCs consist of China, North Korea, Russia, and Iran.

Read: EVs Sold In U.S. Will Be Ineligible For Tax Credits If Their Batteries Are From ‘Foreign Entity Of Concern’

Vehicles eligible for the complete credit need to use batteries that have at least 50% of their elements sourced from the U.S., Mexico, or Canada, and the raw supplies employed in their batteries need to be sourced from a nation the U.S. has a cost-free trade agreement with. So, with no additional ado, these are the ten EVs that will be eligible for the $7,500 tax credit from January 1, in order of least expensive to most high-priced.

Chevrolet Bolt EV

Chevrolet Equinox EV

Ford F-150 Lightning

Tesla Model three Performance

Chevrolet SilveradoEV

Tesla Model Y Performance

Chrysler Pacifica PHEV

Chevrolet Blazer EV

Cadillac Lyriq

Tesla Model X

The tax credit also only applies to sedans that price significantly less than $55,000 and SUVs and pickup trucks priced at significantly less than $80,000. Additionally, men and women who earn more than $150,000 are not eligible for the credit, nor are couples earning a lot more than $300,000.

Plenty of other cars will be eligible for half of the EV tax credit, or $three,750, from January 1. These are anticipated to contain the Ford Escape PHEV, Ford E-Transit, Jeep Wrangler 4xe PHEV, Jeep Grand Cherokee 4xe PHEV, BMW X5 xDrive50 PHEV, Lincoln Corsair Grand Touring PHEV, Nissan Leaf, and each the Rivian R1S and Rivian R1T, Clean Technica reports.