Power Up Your Savings
Have you been thinking about making the switch to an electric vehicle? It’s a fantastic decision for the environment and your wallet, especially with the enticing federal EV tax credit. Here at Preston Ford, we’re committed to helping you navigate the exciting world of electric vehicles and maximize your savings. In this blog, we’ll break down the latest updates on the EV tax credit for 2024, highlighting which Ford models qualify and the potential financial benefits you can enjoy. Buckle up and get ready to rev up your eco-friendly ride with significant savings!
Electrifying Choices: Ford EVs Eligible for the Tax Credit
At the start of 2024, eligibility pertaining to the EVs that qualify for a tax credit has changed slightly. The good news is that several popular Ford models are eligible for the 2024 EV tax credit, making it easier than ever to find the perfect electric vehicle for your needs and lifestyle. Here are two standout choices:
Ford F-150 Lightning: This groundbreaking electric truck delivers the power and capability you expect from the legendary F-Series, all with zero tailpipe emissions. With an available range of over 300 miles on a single charge and the full $7,500 tax credit, the Ford F-150 Lightning is a game-changer for work and adventure.
Ford Escape Plug-in Hybrid (PHEV): This versatile Built Ford Tough® PHEV combines the efficiency of an electric motor with the range security of a gasoline engine. Perfect for everyday errands and longer commutes, the Ford Escape PHEV is another one of the Ford EVs that qualifies for tax credit. You can enjoy a $3,750 tax credit, making it an even more compelling choice for eco-conscious drivers.
These are just a couple of the fantastic Ford EVs that qualify for tax credits and can help you save money at the dealership. Be sure to visit our showroom or browse our online inventory to explore the full range of Ford electric and plug-in hybrid options available.
EV Tax Credit Changes in 2024: What’s New?
Along with which particular EVs qualify for a tax credit, the biggest change for the 2024 EV tax credit is the exciting shift to an instant rebate system. Previously, EV customers had to wait until filing their taxes to claim the credit. Now, with the new system, the tax credit is applied directly at the point of sale! This means you’ll see the savings reflected in the final purchase price of your new Ford EV, making the transition to electric even more financially rewarding. It’s important to note that there are still some eligibility requirements for the EV tax credit. The vehicle’s MSRP (Manufacturer’s Suggested Retail Price) must fall under a certain threshold, and there may be income limitations depending on your tax filing status. For the most up-to-date information, we recommend visiting the IRS website to stay informed on the latest EV tax credit news.
Drive Electric, Save Big with Ford
Finding Ford EVs that qualify for tax credits is a fantastic opportunity to experience the thrill and environmental benefits of electric driving with significant financial savings. Our knowledgeable team is here to answer your questions and guide you through the process of finding the perfect Ford EV that fits your needs and budget. With a variety of electric and plug-in hybrid options to choose from and the instant EV rebate system, there’s never been a better time to go electric with Ford! Head over to our dealership, begin browsing, and take a test drive today!
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