What Should Grand Prairie Buyers Know About the EV Tax Credit and Charger Incentives Ending Soon?
The federal Clean Vehicle Credit, offering up to $7,500 in tax savings, is set to expire on September 30, 2025. The home EV charger credit will end even sooner, on June 30, 2026. If you’ve been considering an electric vehicle in Grand Prairie, TX, why wait? These incentives won’t last much longer.
How Much Can You Save and Who Qualifies for These Credits?
You may be eligible for up to $7,500 in federal tax credits—split between $3,750 for critical mineral sourcing and $3,750 for battery component requirements. Does your preferred Ford EV meet these criteria? Eligibility depends on vehicle assembly, parts sourcing, and your income.
What Are the Eligibility Requirements for Ford EVs to Receive the Credit?
What must a Ford EV have to qualify?
- Vehicle must be brand new at the time of purchase
- Battery capacity of at least 7 kilowatt-hours (kWh)
- Final assembly must occur in North America
- Manufactured by a qualified automaker
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 Is It Critical to Act Before These Incentives Expire?
With the Clean Vehicle Credit expiring on September 30, 2025, and the home charger credit ending June 30, 2026, what happens if you wait too long? You risk losing thousands in savings. Will these programs be renewed? There’s no certainty—so acting now is your best bet.
How Can Grand Prairie Ford Help You Navigate These Deadlines?
How can our team assist you? We’ll help verify if your Ford EV qualifies, explain the timelines, and guide you through the paperwork so you don’t miss out on this limited-time opportunity.
What Should You Do Next to Take Advantage of These Incentives?
Ready to make the switch to electric? Why not contact Grand Prairie Ford in Grand Prairie, TX today? How can we help you maximize your savings before these tax credits and incentives disappear? Time is running out, don’t delay!