IRS Backtracks, Says Ford Escape And Cadillac Lyriq Are SUVs After All
At the start of the year, the Internal Revenue Service (IRS) published vehicle classifications on its website,
in relation to the new-for-2023 $7,500 tax credit and vehicle MSRP thresholds.
This is, of course, available on certain electric and hybrid vehicles.
The list was generally okay except for a few blunders, such as the Ford Escape and Cadillac Lyriq getting classified as non-SUVs.
Of note, SUVs, trucks, and vans must have an MSRP of $80,000 or below to qualify for the tax credit.
The problem is that below that price point, the Escape is left to trade on its slightly updated looks and a cabin that still trails the competition.