Time Is Running Out: Secure Your EV Tax Credit Before It’s Gone
What’s happening
A new federal law signed this summer is bringing major changes to clean energy programs, including the electric vehicle tax credit. For years, EV buyers have been able to claim up to $7,500 on qualifying new vehicles and up to $4,000 on qualifying used vehicles. That program is coming to an end, and the credits will expire on September 30, 2025.
What this means for you
New EV buyers can still claim up to $7,500 in federal tax credits, but the purchase and delivery must be completed before September 30, 2025.
Used EV buyers can qualify for up to $4,000 in credits, as long as the purchase is made before the deadline.
Credits for home EV chargers remain in place a little longer, but the vehicle incentives are going away much sooner.
Why you should act now
The tax credit has made EV ownership more affordable for many families. Once it expires, the upfront savings disappear, and the cost of switching to an electric vehicle will rise. Industry experts expect this change to impact adoption rates nationwide. In practical terms, that means buyers who wait may end up paying more for the same vehicle in just a few months.
What you can do today
Visit Five Star Ford in North Richland Hills to explore our lineup of new and used electric vehicles.
Complete your purchase and take delivery before September 30 to lock in your federal savings.
Ask about dealer incentives and trade-in opportunities that can add even more value to your purchase.
Final word
As of September 30, the federal tax credit for electric vehicles will be gone. If you have been considering going electric, the window to claim this money is closing fast. Stop by Five Star Ford today and secure your EV before the credit disappears.
