You may have heard that federal tax incentives are changing. However, you can still find opportunities to save with the current tax incentives. At Pamby Motors, many drivers around Ridgefield trust us to help them with affordable financing. We provide helpful information about federal tax incentives for electric vehicles to provide more clarity and convenience.
Learn more about the current tax incentives for electric vehicles and how we can help.
Discover the Tax Incentive for Your Preferred Vehicle
Qualifying buyers can enjoy a clean vehicle tax credit of up to $7,500 when shopping for a new vehicle or a used clean vehicle tax credit of up to $4,000. A vehicle must have an MSRP of $55,000 or less to qualify, and select Wrangler 4xe are eligible for this tax incentive. With the savings from a clean vehicle tax credit, you can enjoy more flexibility in your budget and consider a model with more features.
If you're interested in a used clean vehicle tax credit, it's possible to find a wide variety of eligible models in our used inventory. Eligible sales and qualifying buyers can enjoy a used clean vehicle tax credit of 30 percent of the sale price up to a maximum credit of $4,000. However, the used vehicle must meet the following requirements:
- Be for use primarily in the United States
- Have a sale price of $25,000 or less
- Have a gross vehicle weight rating of fewer than 14,000 pounds
- Not have already been transferred to a qualified buyer after August 16, 2022.
- Have a model year at least two years earlier than the calendar year when you buy it. For example, a vehicle purchased in 2023 would need a model year of 2021 or older.
- Be an eligible FCV or plug-in EV with a battery capacity of at least 7-kilowatt hours
Learn More
Learn more about tax credits for eligible vehicles and qualifying drivers by contacting us today, andexplore our new Grand Cherokee 4xe inventory for a sophisticated plug-in hybrid driving experience.
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