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Save Up to $7,500 on Electric Vehicles Before the Federal Tax Credit Expires September 30, 2025
Federal EV Tax Credit: Save Thousands on Your Electric Vehicle Purchase
Yes, there is currently a significant federal tax credit available for electric vehicles that can put thousands of dollars back in your pocket. This government incentive is designed to make electric vehicles more affordable and accessible to American car buyers.
How Much Can You Save?
The federal clean vehicle tax credit offers substantial savings:
Up to $7,500 tax credit for qualifying new electric vehicles
Up to $4,000 tax credit for qualifying used electric vehicles
Two Ways to Use Your Tax Credit
You have flexibility in how you receive your EV tax credit savings:
Option 1: Instant Savings at Purchase Transfer the credit directly to our dealership and receive an immediate discount on your vehicle price. This means you'll pay less upfront and need a smaller down payment.
Option 2: Claim on Your Tax Return Keep the credit for yourself and claim it when you file your federal income taxes next year. This is ideal if you prefer to handle the credit yourself or want to maximize your tax refund.
Why Does This EV Tax Credit Exist?
The Purpose Behind the Federal EV Incentive
The federal electric vehicle tax credit was originally created as part of a comprehensive strategy to promote EV adoption and make electric vehicles more affordable for American consumers. The goal was to accelerate the transition to cleaner transportation by removing one of the biggest barriers to EV ownership: the higher upfront cost compared to traditional gas-powered vehicles.
This incentive has been successful in encouraging more Americans to consider electric vehicles, helping to:
· Reduce dependence on fossil fuels
· Lower transportation emissions
· Support the growth of the American EV manufacturing industry
· Make cutting-edge electric vehicle technology accessible to more families
Why the Credit is Ending Soon
Important timing update: The EV tax credit was originally scheduled to remain available until the end of 2032. However, recent policy changes have significantly accelerated the expiration timeline.
President Donald Trump, who campaigned on reducing EV incentives and related policies promoting electric vehicle adoption, signed legislation in July 2025 that moved the expiration date up dramatically—from December 2032 to September 30, 2025.
What This Means for You
This policy change creates an urgent opportunity for anyone considering an electric vehicle. Instead of having several more years to take advantage of these substantial federal savings, you now have only until September 30, 2025 to qualify for up to $7,500 in tax credits.
If you've been on the fence about going electric, this compressed timeline makes now the ideal time to explore your options and secure these significant federal savings before they disappear.
Who Qualifies for the Federal EV Tax Credit?
Available Nationwide with Specific Requirements
This is a federal (countrywide) tax credit, meaning it's available to eligible buyers in all 50 states. However, there are specific eligibility requirements you'll need to meet to qualify for these savings.
Income Eligibility Requirements
Your modified adjusted gross income must fall below certain thresholds, which vary based on your tax filing status:
For New EVs (up to $7,500 credit):
Single filers: $150,000 or less
Head of household: $225,000 or less
Married filing jointly: $300,000 or less
For Used EVs (up to $4,000 credit):
Single filers: $75,000 or less
Head of household: $112,500 or less
Married filing jointly: $150,000 or less
Helpful tip: You can use your income from either the year you take delivery of the vehicle or the previous year—whichever is lower.
Vehicle Price and Manufacturing Requirements
Not all electric vehicles qualify for the tax credit. Your EV must meet these specifications:
Price Limits:
Vans, SUVs, and pickup trucks: $80,000 MSRP or less
Sedans and other passenger cars: $55,000 MSRP or less
Used EVs: $25,000 or less
Manufacturing Requirements:
Must have final assembly in North America
Must meet specific battery component requirements
Must meet critical mineral sourcing requirements (components cannot be sourced from certain foreign entities)
Bonus: Stack State and Local Incentives
While the federal credit is available nationwide, many states offer additional EV incentives that can be combined with the federal tax credit for even greater savings. These may include:
Additional state tax credits or rebates
Reduced vehicle registration fees
Access to carpool lanes
Utility company rebates for home charging stations
The result: Depending on where you live, you could potentially save significantly more than the federal $7,500 by combining multiple incentive programs.
September's Jaw-Dropping EV Deals
Take advantage of these incredible electric vehicle offers while the federal tax credit is still available. Our September specials combine manufacturer incentives with federal tax credits to deliver maximum savings before the September 30th deadline.
Featured EV Lease Specials
MSRP: $69,320
Lease Payment: $634/month
Due at signing: $3,420
Total Savings: $14,250
Volvo EX30 Twin Motor AWD Plus 2025
MSRP: $46,695
Lease Payment: $362/month
Due at signing: $2,586
Total Savings: $16,500
Requires Conquest and Costco membership
MSRP: $48,395
Lease Payment: $248/month
Due at signing: $3,646
Total Savings: $20,251
Hyundai IONIQ 5 SE RWD Limited Availability 2025
MSRP: $48,390
Lease Payment: $354/month
Due at signing: $3,482
Total Savings: $17,000
MSRP: $47,271
Lease Payment: $365/month
Due at signing: $2,623
Total Savings: $9,868
MSRP: $35,800
Lease Payment: $347/month
Due at signing: $2,307
Total Savings: $3,401
Requires Mazda loyalty
Why These Deals Won't Last
These exceptional offers combine:
Federal EV tax credits (ending September 30)
Manufacturer incentives and rebates
End-of-month dealer specials
Model year-end pricing
Act fast: With the federal tax credit expiring in just weeks, these savings opportunities will disappear after September 30, 2025.
Contact us today to check availability, verify your qualification for specific offers, and secure your electric vehicle before these incredible deals end.
