Federal EV Tax Credit Available Until September 30th, 2025
Due to a provision in the One Big Beautiful Bill Act (OBBBA) that passed into law recently, new and used electric vehicles (EVs) will no longer qualify for a federal tax credit after September 30, 2025. If you are interested in buying or leasing an electric vehicle at Phil Long Ford of Chapel Hills, contact our team today to ensure you can claim the credit before it is gone. We have a fantastic selection of Ford EVs available for sale and can help you save big while the credits are still available.
How the Federal EV Tax Credit Works
There are several ways drivers can use the Federal EV Tax Credit to save on purchasing or leasing a new or used EV. We can take the credit off at the point of sale, or you can file for the credit on your next tax return. Each offers its own perks and conveniences:
- Claim the Federal EV Tax Credit on your next tax return
- Get the $7,500 credit off the purchase price of a qualifying Ford EV
- Get $7,500 off a new Ford lease
Who Is Eligible for the Federal EV Tax Credit?
Buyers who purchase a qualifying new EV can get up to $7,500 off their purchase or their next tax return. Used vehicles can also qualify for a credit of up to $4,000. Due to our status with the IRS, we can take the discount directly off the sales price. We will provide the proper documentation to ensure you can use the benefit. If you choose to take the credit at the point of sale, you will not be eligible to file for the credit on your next tax return. You must meet the income requirements to qualify for the Federal EV Tax Incentive and purchase your new or used EV before the credits expire later this year.
- Buyers who purchase a qualifying new or used EV before September 30, 2025
- Buyers who meet income limits for Modified Adjusted Gross Income
Save On Ford EVs with the Federal EV Tax Credit
Don't miss your chance to save on a new Ford EV at Phil Long Ford of Chapel Hills. The EV tax incentive phases out after September 30, 2025, and will no longer be available for new or used EVs. Questions about the Federal EV Tax Credit and our current EV inventory? Contact our dealership today.
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Phil Long Ford of Chapel Hills
1565 Auto Mall Loop
Colorado Springs, CO 80920
- Sales: 719-413-6467
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