What Do Gwinnett Place Ford Customers Need to Know About EV Tax Credits and Charger Incentives Ending Soon?
The federal Clean Vehicle Credit, which offers up to $7,500 in tax savings for qualifying electric vehicles, is set to expire on September 30, 2025. The tax credit for installing a home EV charger will end earlier, on June 30, 2026. If you’re considering an electric vehicle in Duluth, GA, now is the time to act.
How Much Can You Save and Who Qualifies?
You may qualify for up to $7,500 in federal tax credits. The credit is divided into two parts: $3,750 if the vehicle meets critical mineral sourcing rules, and $3,750 if it meets battery component manufacturing requirements. Some vehicles qualify for a partial credit, while others may not qualify at all.
What Are the Eligibility Requirements for Ford EVs?
- Vehicle must be new at the time of purchase
- Battery capacity of at least 7 kilowatt-hours (kWh)
- Final assembly in North America
- Made by a qualified manufacturer
Price limits apply:
- Under $80,000 MSRP for trucks, SUVs, and vans
- Under $55,000 MSRP for all other vehicles
The sale must be reported to the IRS, and you must meet income limits.
Why Should You Act Before These Incentives Expire?
The Clean Vehicle Credit ends September 30, 2025, and the home charger credit ends June 30, 2026. Waiting could mean missing out on thousands in savings. There’s no guarantee these programs will be extended.
How Can Gwinnett Place Ford Help You?
Our team is ready to help you confirm if your preferred Ford EV qualifies, explain the timelines, and assist with the necessary paperwork. We want to make sure you don’t miss this limited-time opportunity.
Ready to Take Advantage of These Incentives?
Contact Gwinnett Place Ford in Duluth, GA today. Let us help you make the most of these federal credits before they expire!