What Are the Latest Federal EV Tax Credit and Home Charger Incentive Changes That Phoenix Buyers Should Be Aware Of?
Federal EV incentives are shifting. The Clean Vehicle Credit, which provides up to $7,500 in tax savings on qualifying electric vehicles, is scheduled to end on September 30, 2025, unless extended. The home EV charger tax credit is also set to expire, with a final date of June 30, 2026. If you’re in Phoenix and considering an electric vehicle or a home charging setup, it’s important to keep these timelines in mind.
How Is the $7,500 EV Tax Credit Structured, and What Factors Determine Eligibility?
The Clean Vehicle Credit is divided into two parts:
- $3,750 for meeting federal critical mineral sourcing standards
- $3,750 for meeting battery component manufacturing standards
If a vehicle meets one but not both criteria, it qualifies for a partial credit of $3,750. Vehicles meeting neither requirement do not qualify for the federal tax credit.
What Vehicle Requirements Must Be Met to Receive the Federal EV Tax Credit?
For a vehicle to qualify, it must:
- Be new at the time of purchase
- Have a battery capacity of at least 7 kilowatt-hours
- Weigh under 14,000 pounds
- Undergo final assembly in North America
- Be produced by a qualified manufacturer
There are also MSRP limits to be aware of:
- $80,000 for SUVs, trucks, and vans
- $55,000 for all other vehicles
Additionally, the dealer must report the purchase and buyer information to the IRS to ensure proper credit processing.
When Are These Incentives Scheduled to Expire, and Could They Be Extended?
The current expiration date for the Clean Vehicle Credit is September 30, 2025. The home charger credit ends June 30, 2026. While extensions are possible through congressional action, it’s best to plan with the current deadlines in mind.
What Steps Should I Take If I’m Thinking About Purchasing an EV in Phoenix, AZ?
Begin by verifying if the EV you’re considering qualifies under current federal guidelines. You can find the official list on the IRS website or contact a product expert at Camelback Lincoln. Acting before the incentives expire may help you save more and simplify your purchase.
How Can Camelback Lincoln in Phoenix Help You Navigate These Federal EV Programs?
At Camelback Lincoln, we’re here to guide you through every step of your EV journey. Our team can help identify qualifying Lincoln models, explain tax credit requirements, and discuss home charger options to fit your needs. We’ll help you understand how to take full advantage of the current federal incentives.
How Can I Get in Touch With Camelback Lincoln for More Information?
For questions about EV tax credits, eligibility, or Lincoln’s electrified lineup, reach out to Camelback Lincoln in Phoenix, AZ. We’re here to provide expert support and help you make informed decisions while these federal programs are still active.