Back in April, a list of electrified vehicles eligible for new tax credits under the Inflation Reduction Act (IRA) was revealed following much confusion pertaining to what, exactly, would qualify. At that time, a handful of Blue Oval models were eligible for at least a partial credit of $3,750, while a couple of others got the full $7,500. However, the bill’s increasing critical mineral and battery component sourcing requirements made it pretty clear from the start that many vehicles were set to lose their eligibility as soon as the beginning of 2024, and that list now includes three Ford vehicles, according to Reuters.
Those vehicles are the Ford E-Transit, Ford Mustang Mach-E, and Lincoln Aviator Grand Touring, slashing the list of Blue Oval models eligible for the clean vehicle tax credit considerably. Of course, FoMoCo isn’t alone in that regard, as its cross-town rival General Motors is also expecting the Cadillac Lyriq and Chevy Blazer EV to lose their tax credits, meaning that only the Bolt will be eligible once the first of the year arrives.
Previously, all of Ford’s current EVs and PHEVs qualified for at least part of the new IRA tax credit, though amounts vary by model, and each must have an MSRP of less than $80,000. The Ford F-150 Lightning is eligible for the full $7,500 incentive and that will still be the case after January 1st, though the Ford Mustang Mach-E and E-Transit were only eligible for half of that sum at $3,750.
As for FoMoCo’s plug-in hybrids, the Lincoln Aviator Grand Touring is currently eligible for the full credit (though it has since been discontinued, at least temporarily), while the Ford Escape PHEV and Lincoln Corsair Grand Touring get half and will continue to be eligible moving forward. Commercial buyers are eligible for commercial tax incentives of as much as $7,500 on all these vehicles, too.
We’ll have more on the clean vehicle tax credit soon, so be sure and subscribe to Ford Authority for 24/7 Ford news coverage.
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