What Do Grapevine Lincoln Customers Need to Know About EV Tax Credits and Charger Incentives Ending Soon?
The federal Clean Vehicle Credit offers up to $7,500 in tax savings for qualifying electric vehicles but will expire on September 30, 2025, unless extended. The home charger installation credit ends earlier, on June 30, 2026. If you’re considering a Lincoln EV in Grapevine, TX, acting soon is crucial to take advantage of these incentives.
How Much Can You Save and Who Qualifies?
You could be eligible for up to $7,500 in federal tax credits. The credit splits into two parts: $3,750 for meeting critical mineral sourcing requirements, and $3,750 for battery component manufacturing standards. Some Lincoln EVs may qualify for a partial credit or none, depending on where and how they’re made.
What Are the Eligibility Requirements for Lincoln EVs?
- Vehicle must be new at time of purchase
- Battery capacity of at least 7 kilowatt-hours (kWh)
- Final assembly in North America
- Manufactured by a qualified company
- Price limits: under $80,000 MSRP for trucks, SUVs, and vans; under $55,000 MSRP for 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 expires June 30, 2026. Waiting risks losing thousands in potential savings. These programs may not be renewed, so acting now is essential.
How Can Grapevine Lincoln Help?
Our team can help confirm if your preferred Lincoln EV qualifies, explain deadlines, and assist with the paperwork to ensure you don’t miss this limited-time opportunity.
Ready to Save on Your Next Lincoln EV?
Contact Grapevine Lincoln in Grapevine, TX today. Let us help you maximize your savings before these valuable tax credits and incentives expire!