Preston Ford Lincoln

Dec 8, 2023
Federal EV Tax Credit

Get Electric Incentives

If you’ve been on the fence about purchasing an electric vehicle, now is the time! According to recent news, federal electric vehicle tax credits may be subject to change or even drop come 2024. The good news? You can still reap the rewards of our available EV models in the meantime to get the current incentives in place. Follow along to learn more about electric vehicle tax incentives, and visit Preston Ford to shop our current EVs!

Federal EV Tax Credits

You may be wondering what kind of incentives come along with electric vehicles. We’re here to help you out! Take a look at some of the federal EV tax credits below to see how you can benefit from going electric:

  • Up to $7,500 for a federal income tax credit can be used towards eligible EVs, Plug-In Hybrid (PHEV) models, & Fuel Cell EVs newly purchased in 2023
  • Up to $4,000 for eligible pre-owned EVs & PHEVs purchased in 2023

That means if you buy your electric vehicle in 2023, new or pre-owned, you can still enjoy these fully charged benefits!

The Time Is Now

While the availability of the tax credit is dependent on certain factors, our team is devoted to helping you get the most out of your EV purchase. Speak with our team to learn more about the current status of federal electric vehicle tax credits, and shop our inventory of EVs to take advantage of these unbeatable incentives today!

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