8.5.25 - EV Federal Tax Incentives End Sept. 30

[Sustainable Sudbury]

If you have been pondering the idea of buying a new or used EV, know that the federal Electric Vehicle tax credits, $7500 for new EVs, $4000 for used EVs, expire at the end of September. So there is still a little time to take advantage of them.

The MA state EV rebates (generally $3500, for new and used EVs) are not expiring then. Full details here: mor-ev.org/cars-overview. The large list of eligible vehicles is here: mor-ev.org/eligible-vehicles. 

Info about Fed tax credit EV eligibility is here: fueleconomy.gov/feg/tax2023.shtml

There are a lot to choose from including some outstanding deals on used EVs. For example a 2023 Chevy Bolt can currently be had for around $15K -- that's only $7500 after the federal tax credit and state rebate are deducted.

But time is running out on the Federal tax credits, so best act soon.