Electric vehicles are clearly the future of transportation, or they are at least the next step. The government has been creating more and more incentives to make the switch to electric vehicles. To this end, the EPA released a list of every vehicle in the U.S. eligible for a $7,500 tax credit.
The government has also been trying to incentivize American production, meaning that electric vehicles have to be built in the United States to be eligible. High-end vehicles are also excluded, with the cutoff being $80,000. This helps make electric vehiclesmore competitiveagainst their gas-powered rivals.
We’ve put together a list of the vehicles that the EPA has claimed are eligible for the $7,500 tax credit. We explore what helps these EVs stand out and how much they cost before the tax credit is applied.
In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturer websites and other authoritative sources, including the EPA. The current U.S. administration has claimed that they may aim to eliminate the EV tax credit.
152025 Chevrolet Equinox EV
Starting MSRP: $34,995
Without counting any deals or credits, the Equinox EV is already one of the mostaffordable electric crossoversthat you can buy in 2025. It may not be as powerful as its rivals, but it offers a ton of range on a single charge and can even be had with Super Cuise.
$34,995
RS
$44,795
If you include the tax credit, the Equinox has a near unfair advantage over its competitors. It is already incredibly affordable. Taking this into account, we’d opt for the more expensive RS model. Don’t be shy to tack on some of the extra packages as well, as they add a ton of value.
142025 Tesla 3
Starting MSRP: $42,490
Tesla’s Model 3 is easily one of the most popular electric sedans on the market, and it’s easy to see why. It is priced competitively and features aclassy minimalist interior, a comfortable ride, and impressive levels of acceleration. Its range is also easily among the best in its class.
$42,490
$47,490
Performance AWD
$54,990
Part of the Model 3’s success can be attributed to its affordable starting price. Even though they’ve gotten rid of the standard range model, it’s hard to argue with the price of the Long Range Rear-Wheel Drive model. Including the tax credit, the cheapest Model 3 starts at $34,990.
132025 Chevrolet Blazer EV
Starting MSRP: $46,095
If you’re in the market for an electric mid-size SUV, then the Chevy Blazer is the most affordable option you’ll find. Despite it costing less than its rivals, it still comes competitively equipped. It looks fantastic and on the inside there is plenty of room for five passengers to stretch their legs.
$46,095
LT eAWD
$49,095
$51,395
RS eAWD
$54,395
$57,090
SS
$62,095
There are a plethora of different setups for the 2025 Chevy Blazer EV, with front-wheel drive, all-wheel drive, and rear-wheel drive all on offer. We think that the RS model with themore powerful rear-wheel drive setupis the most enjoyable model. It is already plenty affordable for an EV, the $7,500 tax credit puts it in competition with gas-powered SUVs.
122025 Honda Prologue
Starting MSRP: $47,400
Honda needed a way to keep itself competitive in the American market, and partnering with General Motors was the path they chose. Itsplatform, battery, and motorsare the same as what you can find in the Chevrolet Blazer EV. Honda does at least put a unique spin on the SUV with different styling and by offering Apple CarPlay and Android Auto.
$47,400
$51,700
Elite
$57,900
If you include the federal tax credit, the Honda Prologue’s most affordable is comparable to the Pilot, starting at around $40,000. This makes the mid-size SUV really hard to resist. Of the three trims, we’d opt for the Touring as it adds luxuries like heated seats, wireless charging pads, and automatic climate control.
112025 Tesla Y
Starting MSRP: $48,990
The Model Y has seen some exceptional success around the world. In fact, it is one of the best-selling vehicles worldwide. The 2025 model has just started rolling out with plenty of updates in tow, including a new front fascia and a refreshed interior loaded with features.
Long Range AWD
$48,990
Where the Launch Edition used to be the only new Model Y you could grab, with a starting price of over $60,000, theLong-Range All-Wheel Drive modelis now your only choice. The Model Y’s competitive pricing is one of the things that makes it so popular, and the tax credit will bring it down to $41,490.
102025 Cadillac Optiq
Starting MSRP: $54,390
Cadillac’ssmallest electric crossover, the Optiq, shows that the brand is still capable of some great things. Not only does it offer interior luxury at a price that undercuts most of its competitors, but it is genuinely enjoyable to drive. It also features some pretty great curb appeal.
$54,390
$56,590
Sport 2
Cadillac’s EVs are offered in either Luxury trim or Sport trim, with the former being softer and more comfortable and the latter being more focused on performance. The jump to the Luxury or Sport 2 trims is minimal, so we’d make the leap either way. These models are already pretty affordable for luxury compact SUVs before you apply the tax savings.
92025 Cadillac Lyriq
Starting MSRP: $60,090
Cadillac has been trying really hard lately to recapture their reputation for luxury. Their move into the electric segment is a great opportunity to start fresh and achieve this goal. The Lyriq is theirmid-size offeringand is a luxury bargain compared to its main competitors.
$60,090
$60,590
$65,090
$65,590
$68,490
Sport 3
$68,990
The 2025 Lyriq comes in two distinct flavors; the Luxury or the Sport. We’d stick with the former due to the fact that even in its most hardened form, the Lyriq falls short of real sportiness. The Luxury 2 offers the best balance of price and features, and if you include the tax credit savings, it costs a humble $57,590.
82025 Ford F-150 Lightning EV
Starting MSRP: $62,995
Ford’s F-150 is the best-selling vehicle in the United States. Hence, it makes sense that the brand would choose to electrify it, as they aim to move towards an all-electric future.The F-150 Lightningoffers a ton of value, and it is actually quicker than its gas-powered sibling.
$62,995
$67,995
$76,995
Platinum
$84,995
As the Silverado’s base model doesn’t seem to be available at the moment, the Ford F-150 Lightning is the most affordable electric pickup you can grab today. The Flash represents the best value, including the truck’s coolest features without inflating the price too much. As the Platinum is over $80,000, you won’t get the tax credit with this model.
72025 Acura ZDX
Starting MSRP: $64,500
The Acura ZDX is marketed as ahigh-performance, two-rowelectric crossover. It makes use of the Ultium platform, meaning that it has a heart from General Motors with an Acura finish. Most of the GM influence is invisible, but there are some elements that have clearly been grabbed from the parts bin.
$64,500
$68,500
Type S
$73,500
The ZDX is not the most affordable electric crossover on the market, being Acura’s flagship EV right now. However, a $7,500 is a pretty good incentive to pick one up. We’d go for the middle of the pack dual motor A Spec as it offers a lot more power and plenty of comfort features.
62025 Jeep Wagoneer S
Starting MSRP: $65,200
The Wagoneer S is the American brand’s first all-electric vehicle. It may feature the iconic Wagoneer name, but it is very different from the gas-powered SUV. It looks different, is smaller, and takes a sportier approach. Although it looks good on paper, its been mostly overlooked.
$65,200
Launch Edition
$70,795
Jeep is clearly trying to position themselves as anentry-level luxury brand, with the Wagoneer S being the most expensive mid-size electric SUV from a mainstream automaker. They introduced the Limited model this year, which is slightly more affordable but loses some of the luxuries.
