If you have spent time exploring electric vehicles, you've likely come across the idea of getting a tax credit for your EV purchase. It's an incentive to give drivers more reasons to make the switch to an electric vehicle and explore greener driving options. So, how does it work? Here's a quick overview of how new EV tax credits work in 2023 to help you get acquainted with some of the other benefits of choosing an electric vehicle for your next car purchase.
What can you get out of EV tax credits?
Select electric vehicles and plug-in hybrids are eligible for up to $7,500 in tax credits. That means that if you purchase a vehicle that meets federal government qualifications, you could get an enticing rebate at the time of purchase, or you can put in a request for the credit on your taxes. Our team can go over this with you in more detail here at our dealership serving Bend, OR and Portland, OR, so please don't hesitate to reach out to us to learn more.
Do used electric vehicles count?
If you are considering a used EV instead of a new one, you could get up to a $4,000 tax credit for an electric vehicle under $25,000 purchased at our dealership. Used vehicles are subject to some unique restrictions, however, so we invite you to connect with us to learn more about the finer details.
Are there incentives for home electric car chargers?
Yes, there are federal incentives that offer rebates for electric car chargers and installation costs, making it even easier to purchase and own an electric vehicle. So, if you were thinking about changing to a zero-emissions car, you'll find that there are plenty of tax incentives to make it easier to switch.
Our team is ready to help you get the most out of your EV purchase here at our dealership serving Central Oregon, so please don't hesitate to contact us if you have further questions about purchasing an EV.