Does Your Next EV Come with a Full $7500 Tax Credit? Here's the List (2023)

The long and sleek Caddy crossover runs on GM's Ultium platform along with big dogs like the GMC Hummer EV, but while that vehicle crashes over sand dunes, the Lyriq glides smoothly through traffic. The 102.0-kWh battery offers an estimated range of up to 308 miles of luxurious cruising in the single-motor version, and up to 307 miles in the dual-motor setup.

K5 Blazer fans may have seen the 2019 return of the Blazer name on a roadgoing crossover as akin to sacrilege. However, that sense of displeasure did not stop Chevy from selling them in droves. The Blazer name is once again seeing a revision, with the introduction of the Blazer EV crossover expected to start hitting driveways later this summer. Range is estimated between 247 and 320 miles based on trim, with pricing starting at $44,995.

As the least expensive electric vehicle sold in the U.S. today, the Bolt quickly comes to mind when thinking of utilitarian EV usage. The GM team has been selling and improving on the Bolt platform since 2016. The driving experience isn't particularly exciting, but considering the estimated 259 miles of range and the ability to add 100 miles of range in 30 minutes, the Bolt is a pretty enticing option.

Much like its smaller sibling, the EUV packs a lot into a relatively small package and price point. The EUV's 65.0-kWh battery manages 247 miles of range, with 200 horsepower powering the front wheels. The top-level Premier trim level can be had with General Motors’s Super Cruise hands-free driving feature. The EUV is longer, wider, and taller than the standard Bolt hatch and comes reasonably equipped with available Apple CarPlay and Android Auto.

Chevy is planning to bring an all new Equinox EV into the fray in fall 2023. We're still waiting on details regarding price, but rest assured it will land well below the $80,000 limit for full tax incentives. Think closer to $30,000 for a starting price. The base model features a front-wheel-drive setup with 210 horsepower and around 250 miles of range. Higher trims offer all-wheel drive, 290 horses, and up to 300 miles of range.

Chevrolet is nearly ready to join Ford, Rivian, and GMC in the electric-pickup space. The 2024 Silverado EV will go on sale sometime this year with up to 400 miles of range. According to Chevy, it will be able to provide up to 100 miles of range in just 10 minutes using DC fast-charging. On paper it will be competitive with the EV pickups on sale already and capable of towing up to 10,000 pounds and hauling 1300 pounds of payload.

Ford's E-Transit exists for those customers who want an emissions-free cargo hauler but don't need it to be capable of completing marathon distances. The E-Transit is available in chassis-cab, cutaway, and cargo-van configurations, capable of a meager 126 miles of range. On the bright side, the E-Transit is capable of DC fast-charging, which adds 30 miles of range in only 10 minutes. For Ford's target market of tradespeople and delivery drivers, it may be enough range.

If you somehow manage to miss the unique badging and huge light bar spanning the front of the F-150 Lightning, you could reasonably step inside and assume you are in a standard internal-combustion-powered F-150. Inside and out, the Lightning looks nearly identical to the ICE truck. Unlike the ICE truck, the Lightning manages between 230 and 310 miles of range, though hooking anything to the trailer hitch will see those miles disappear as if by magic.

Much like Chevy's Bolt and Bolt EUV, the Nissan Leaf offers a cheap entry into the world of EVs. Unfortunately, with its largest battery configuration, the Leaf barely manages 200 miles of range. To make matters worse, not all public charging stations work with Nissan's CHAdeMO charging connector. On the bright side, the small package is relatively well appointed and lets city drivers zip through traffic and fit in tight parking spaces.

Rivian's first attempt at an SUV skims just under the maximum MSRP threshold to be eligible for the full $7500 tax credit. With a starting price of $79,800 and the EPA designating an $80,000 ceiling, there is no room for optional extras. Even so, the R1S is well equipped as standard. We managed a 3.1-second sprint to 60 mph in our testing of the quad-motor First Edition, and the standard battery offers 260 miles of range.

Rivian's R1T pickup offers a nearly identical package to the R1S, but with a starting price of $74,800. That extra room leaves just enough budget to add the $5000 performance dual-motor option for some additional horsepower. The R1T's cabin is rife with luxury features and tech, including a large 16.0-inch infotainment system and a separate digital gauge display.

Unfortunately, the batteries in the standard-range rear-wheel-drive Tesla Model 3 keep it from being eligible for the full $7500 tax credit. On the other hand, after a last-second price reduction, the more expensive Model 3 Performance sneaks under the $55,000 threshold required for cars. The Performance version launches to 60 mph in 3.5 seconds and offers an impressive 315 miles of range for the price point.

While the standard Model 3 is left out of the equation, the entirety of the Model Y lineup earns the full $7500 credit. Unfortunately, just like the Model 3, the Y’s interior is crafted from low-quality materials. Tesla is adding a new lower-range Y for 2023, which will offer 279 miles of range. The Long Range manages 330 miles, while the Performance gets 303 miles.

Sharp looks, a practical cabin, and a competitive price point all sum up Volkswagen's electric crossover for the masses. Plus, since it's manufactured at the company's Chattanooga, Tennessee, facility, it earns buyers the full tax credit. Starting at $40,290 for the standard version and ranging up to $52,740 for the more powerful Pro S Plus, the ID.4 is comfortably below the $80,000 tax incentive ceiling. We'd love a bit more excitement from an enthusiast's viewpoint, but the interior is well appointed and spacious enough for the whole family.