How the $7,500 EV tax credits work

Pickups, SUVs and vans must be priced less than $80,000 to qualify.
All other vehicles must cost less than $55,000.
The buyer can’t make more than $150,000 a year.
Final assembly must take place in the U.S., Canada or Mexico.
Battery minerals and other components must not be sourced from “foreign entities of concern,” which include China and Russia.

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