Federal EV Tax Incentive
Get Up to $7,500 Off Your Next EV with the Federal Tax Credit
Thinking of making the switch to an electric vehicle? There's never been a better time, thanks to the federal electric vehicle tax credit. This incentive offers up to $7,500 off the purchase of a new, eligible EV. At Green Kia in Springfield, IL, we have EVs that qualify for this valuable tax credit, including the popular Kia EV6 and upcoming EV9 SUV.
How the Federal EV Tax Credit Works
The federal EV tax credit is worth up to $7,500 off a new electric vehicle, significantly reducing the upfront cost of going electric. The exact credit amount depends on the size of the vehicle's battery. Most EVs, including the Kia EV6, are eligible for the full $7,500.
Eligibility Criteria for EVs
To qualify, EVs must have a battery capacity of at least four kWh, be assembled in North America, and meet certain sourcing requirements for battery components.
At Green Kia, we offer electric vehicles that are eligible for the full $7,500 federal tax credit. The award-winning Kia EV6 crossover is one of the most exciting new EVs, with a spacious interior, fast charging, and up to 310 miles of range.
Looking for something a bit larger? The Kia EV9 offers three rows with seating for seven and a bold, stylish design. The EV9 will be a fantastic electric family vehicle that is also eligible for the full $7,500 tax credit.
Who Qualifies for the EV Tax Credit?
The federal EV tax credit is available to most consumers, but there are some eligibility requirements to keep in mind:
- Income limits: The credit begins to phase out for single filers with a modified adjusted gross income over $150,000 or $300,000 for joint filers.
- Vehicle price restrictions: EVs over $55,000 for cars and $80,000 for SUVs and trucks are not eligible for the credit.
- New vehicles only: The tax credit can only be claimed on the purchase of a new electric vehicle, not used or leased EVs.
Learn More About EVs and Incentives at Green Kia
Have questions about electric vehicles or the $7,500 federal tax credit? The EV experts at Green Kia are here to help. Visit our dealership today to learn more about the Kia EV lineup and how much you can save by going electric. We look forward to helping you find the perfect electric vehicle.
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Green Kia
3861 Wabash Ave
Springfield, IL 62711
- Sales: (217) 525-1222
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