Roseville Chevrolet EV Tax Credit Essentials
Roseville Chevrolet EVTax Credit Essentials
The automotive world has continued to experience a noteworthy shift toward electric vehicles in recent years. To further promote the transition to these environmentally friendly cars, the federal government offers remarkable EV tax credits to help electric vehicle owners save considerably!
Updates are frequently made to the federal EV tax incentive, making it necessary for potential buyers or current owners to regularly check for any alterations that could influence their savings on the Chevrolet EV of their choice. Take a look at our summary on the electric car tax rebate below then consult with the experienced team at our Chevy dealership near Sacramento for more comprehensive details.
Federal EV Tax Rebate Eligibility
New all-electric and plug-in hybrid models purchased from 2023 forward must fulfill the subsequent requirements to be deemed suitable for the federal EV tax incentive:1
- Battery capacity should be a minimum of 7 kWh
- Gross vehicle weight rating (GVWR) should be less than 14,000 pounds
- Final assembly has to be done in North America
- MSRP should not exceed $80,000 (SUVs, vans, trucks) or $55,000 (all other vehicles)
Provided your selected new Chevy EV fulfills these criteria, you could potentially save up to $7,500.1 Our team stands ready to provide additional information if required.
Used EV Tax Rebate
Did you know that the federal EV tax rebate now also accommodates some used electric vehicles? Furthermore, pre-owned EVs bought in 2023 might be eligible for a tax credit of up to $4,000 if they meet the following stipulations:1
- Age: The vehicle should be at least two years older than the current calendar year.
- Price: The purchase price of the vehicle should be $25,000 or less.
- Income: Income limitations might apply based on your filing status. Visit us at our Roseville Chevy dealer for more in-depth information.
Finance an Electric Chevy Near Sacramento, CA
Whether you have set your sights on the new Chevy Bolt EV or the roomier Bolt EUV model, we’re confident that we can assist you in finding a vehicle that suits your preferences perfectly. We eagerly await the arrival of new models such as the Equinox EV SUVs and Silverado EV trucks to our dealership soon, expanding our offering of electric Chevy vehicles for sale nearby. Get in touch with Roseville Chevrolet to discover how you can optimize your EV tax incentives today! Please see the below additional resources from state, federal, and local websites and know that certain incentives and offers differ based on residency, and some of the available resources allow you to filter by zipcode in order to find out what’s available for you. If you have questions, give us a call!
1Information accurate at the time of publishing. See dealer for details.