What Should Peoria Ford Buyers Know About the EV Tax Credit?
The federal Clean Vehicle Credit offers up to $7,500 toward the purchase of a qualifying electric vehicle. If you're planning to switch to an EV, it's important to act soon. The program ends September 30, 2025, unless Congress renews it. There's also a separate home charger tax credit available through June 30, 2026.
How Is the $7,500 Tax Credit Split?
The credit is divided into two equal halves:
- $3,750 for meeting battery component sourcing requirements
- $3,750 for meeting critical mineral sourcing standards
Some EVs may qualify for only part of the total credit, depending on how and where they're built.
What Makes a Ford EV Eligible for the Credit?
Several criteria must be met:
- The vehicle must be brand new
- It must be assembled in North America
- The battery must have at least 7 kWh capacity
- It must be from a qualified manufacturer
- MSRP must be below $80,000 for trucks, vans, and SUVs, or below $55,000 for other vehicles
- The sale must be reported to the IRS
- You must fall within federal income limits
Why Should You Act Soon at Peoria Ford?
These savings won’t be around forever. Once the credit expires, it's gone—unless legislation changes. Whether you're already looking at Ford EVs or just starting your research, don’t wait too long. This incentive window is closing.
How Can Peoria Ford Help You Take Advantage?
Our team at Peoria Ford can walk you through qualifying models, explain what’s changing, and help you move forward with confidence. We’re here to help you make the most of these federal programs while they’re still available.
Ready to Explore Ford EVs?
Visit Peoria Ford in Peoria, AZ, or reach out online to see which models qualify and how much you could save.