What Should Mesquite Drivers Know About the Federal $7,500 EV Tax Credit?
If you’re considering an electric vehicle at Town East Ford, now is a good time to understand the current EV tax credit program. Select new electric and plug-in hybrid vehicles may qualify for a federal tax credit of up to $7,500, depending on how they’re built and where they’re sourced. This credit can be applied right at the time of purchase when buying from a qualified dealership like ours.
How Is the $7,500 Credit Structured?
The Clean Vehicle Credit is divided into two parts:
- $3,750 is available if a certain percentage of the battery components are built or assembled in North America.
- $3,750 is added if critical minerals in the battery are sourced from U.S. trade partners.
Vehicles meeting only one of these criteria may still qualify for a partial credit.
Eligibility Criteria for Ford EVs and Plug-In Hybrids Under the Federal $7,500 Clean Vehicle Credit
For a Ford EV or plug-in hybrid to qualify under the current federal program, it must meet the following requirements:
- Must be new at time of purchase
- Have a battery capacity of at least 7 kilowatt-hours
- Be assembled in North America
- Fall under MSRP limits: $80,000 or less for SUVs, trucks, and vans; $55,000 or less for other vehicle types
- Be manufactured by a qualified automaker
Additionally, the sale must be reported to the IRS, and income limits for buyers apply.
Why Now Is a Smart Time for Mesquite Drivers To Use the EV Tax Credit on a New Ford Vehicle
Without congressional renewal, the Clean Vehicle Credit ends on September 30, 2025. The charger installation credit expires June 30, 2026. There's no guarantee they’ll be extended. If you're considering an EV, now’s the time to start planning.
How Town East Ford in Mesquite, TX Helps You Navigate the EV Tax Credit and Find Eligible Models
Our team stays up to date with the latest EV credit rules and eligible models. We’re here to simplify the process so you can take advantage of every available benefit.
Get in touch with our team or visit us in Mesquite, TX to find out which models qualify and how to make the most of your EV purchase.