New EV tax credits 2023: See which electric, hybrid vehicles qualify

BMW, Nissan and other major automakers are set to lose access to a $7,500 electric vehicle tax credit this week.

The U.S. Treasury on Monday released a full list of the vehicles with access to U.S. electric vehicle tax credits under new battery sourcing requirements, which benefit companies that use battery minerals from the U.S. or its trading partners and manufacture battery components in North America.

The new rules were announced last month and go into effect Tuesday.

Tax Day 2023 live updates:Deadline to file tax returns is April 18. Here's what to know.

Car brands that will be losing access to the U.S. EV tax credit include:

Electric cars from Kia and Hyundai also do not qualify because they are manufactured outside North America.

Vehicles that qualify for the full $7,500 in tax credits include:

Other vehicles qualify for $3,740 in tax credits, including:

To qualify for $3,750 of the EV tax credit, 40% of battery minerals must come from North America, from a country with a U.S. free trade agreement or recycled in North America. That threshold is set to gradually increase to 80% over the next four years.

Half of the battery components must be made or assembled in North America to qualify for the other $3,750. This benchmark is set to rise to 100%.

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