What Are the Latest Federal EV Tax Credit and Home Charger Incentive Changes I Should Know About?
Federal programs supporting electric vehicle purchases are changing. The Clean Vehicle Credit, which offers up to $7,500 in tax savings, is set to expire on September 30, 2025, unless extended. The tax credit for installing a home EV charger will end on June 30, 2026. If you’re considering buying an EV or installing a charger in Phoenix, AZ, it’s important to understand these deadlines and how they affect your potential savings.
How Is the Federal EV Tax Credit Calculated, and What Factors Determine the Amount I Can Receive?
The total federal tax credit can be up to $7,500, divided into two parts:
- $3,750 if the vehicle meets critical mineral sourcing requirements
- $3,750 if the vehicle meets battery component manufacturing requirements
Vehicles meeting only one requirement qualify for a partial credit of $3,750. Vehicles meeting neither requirement are not eligible.
What Vehicle Requirements Must Be Met to Qualify for This Federal Tax Credit?
To qualify, a vehicle must:
- Be new
- Have a battery capacity of at least 7 kilowatt-hours
- Weigh less than 14,000 pounds
- Have its final assembly in North America
- Be produced by a qualified manufacturer
Price caps also apply:
- $80,000 MSRP for vans, SUVs, and pickup trucks
- $55,000 MSRP for other vehicles
Dealerships must report buyer details to the IRS to confirm eligibility.
When Do These Federal EV Incentive Programs Expire, and Is There a Chance They Could Be Extended?
The Clean Vehicle Credit is set to expire on September 30, 2025, while the home charger credit will end on June 30, 2026. While Congress could extend these programs, these deadlines are currently the ones to plan around.
What Should I Do If I’m Planning to Purchase an Electric Vehicle in Phoenix, AZ?
If you’re planning to buy an EV, verify the model qualifies for the tax credit by reviewing the IRS list or contacting Bell Honda. Acting before these incentives expire can help you maximize your savings.
How Can Bell Honda in Phoenix, AZ Help Me Take Advantage of These Federal EV Incentives?
The team at Bell Honda is ready to guide you through your EV purchase. We’ll help you understand available tax credits, eligibility, and assist you in choosing the right Honda EV or hybrid for your needs.
How Can I Contact Bell Honda to Learn More or Begin My EV Purchase?
Contact Bell Honda in Phoenix, AZ today for expert advice on EV tax credits, eligible vehicles, and home charging options. Our staff is ready to provide personalized support and help you maximize your incentives.
