These are the electric vehicles that qualify for a $7,500 tax credit

General Motors, Ford, Stellantis and Tesla are the only four automakers with electric vehicles that qualify for $7,500 in tax credits this year, according to rules released by the U.S. Treasury Department on Monday. 

The new tax credits, which last until 2032, were enacted last year in the Inflation Reduction Act and are designed to encourage more Americans to buy eco-friendly vehicles. Some gas-electric hybrid vehicles will be eligible for half the tax credit — or $3,750 — while drivers who purchase certain pre-owned electric vehicles this year can get a $4,000 credit.  

The following electric vehicles qualify for the full $7,500 federal tax credit: