Top 3 EVs that Qualify for the Full $12,500 Tax Credit | MotorBiscuit

News broke earlier this year that the Senate will advance tax credit up to $12,500 for EVs, but there are some stipulations. The electric vehicle market is heating up, and the government is willing to credit those who buy EVs a substantial percentage of the cars’ MSRP. 

Buying a Tesla Model 3 just a couple of short years ago could earn an $11,000 total tax credit if bought in California. Now that Model 3 sales have leaped over 200,000 units, however, that federal tax credit of $7,500 has dropped off. There is some good news about that.

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