What Are the Recent Changes to the Federal EV Tax Credit and Home Charger Incentives That Buyers in Phoenix Should Know About?
Federal tax incentives that support electric vehicle ownership are undergoing important changes. The Clean Vehicle Credit, which offers up to $7,500 in tax savings, is currently scheduled to expire on September 30, 2025, unless extended by Congress. In addition, the federal tax credit for installing a home EV charger will expire on June 30, 2026. If you’re planning to purchase an EV or install a charger at your Phoenix home, understanding these deadlines can help you take full advantage of the benefits.
How Is the EV Tax Credit Amount Determined, and What Do You Need to Qualify for the Full $7,500?
The EV tax credit is made up of two equal parts:
- $3,750 if the vehicle meets federal critical mineral sourcing requirements
- $3,750 if the battery components are sourced and manufactured in qualifying locations
Some models may qualify for just one portion of the credit, while others meet both criteria and earn the full $7,500. If a vehicle meets neither, it is not eligible for the tax credit.
What Vehicle Requirements Must Be Met to Qualify for the Federal Tax Credit?
To qualify for the federal EV tax credit, the vehicle must:
- Be new at the time of purchase
- Have a battery capacity of at least 7 kilowatt-hours
- Weigh less than 14,000 pounds
- Undergo final assembly in North America
- Be made by a qualified manufacturer
There are also MSRP limits:
- $80,000 for vans, SUVs, and trucks
- $55,000 for other vehicle categories
In addition, the selling dealer must submit buyer and vehicle information to the IRS to confirm eligibility.
When Do the Clean Vehicle Credit and Home Charger Incentive Expire, and Could These Dates Be Extended?
Unless new legislation is passed, the Clean Vehicle Credit will end on September 30, 2025, and the home charger credit will expire on June 30, 2026. These deadlines could change if Congress acts, but they are firm as of now, and shoppers in Phoenix should plan accordingly.
What Steps Should I Take If I'm Planning to Purchase an EV Soon in Phoenix, AZ?
If you're looking at buying an electric vehicle in the near future, start by checking which models qualify under the current tax credit rules. You can review the list on the IRS website, or speak with an EV specialist at Camelback Ford. Acting before the deadlines gives you the best chance to benefit from these federal incentives.
How Can Camelback Ford in Phoenix, AZ Help You Understand and Use These Federal EV Incentives?
At Camelback Ford, we’re here to guide you through your EV journey. Our team can help you understand which Ford models qualify for the credit, explain the tax requirements, and assist with home charger options. Whether you’re considering a Mustang Mach-E, F-150 Lightning, or another EV, we’re ready to help.
How Can I Contact Camelback Ford to Learn More or Start the Process?
Reach out to Camelback Ford in Phoenix, AZ today to learn more about current EV tax incentives, vehicle eligibility, and home charging support. Our team is here to make sure you’re informed and ready to take advantage of the savings while they’re still available.