How Are Federal Incentives for Electric Vehicles Changing, and Why Does It Matter for Arlington Drivers?
If you’re planning to purchase a Honda electric vehicle, it’s important to act soon. The Clean Vehicle Credit, offering up to $7,500, is set to expire on September 30, 2025, unless extended. Additionally, the home EV charger tax credit will end on June 30, 2026. Acting now ensures you’re in the best position to benefit before these incentives run out.
How Is the $7,500 EV Tax Credit Calculated—and Will You Qualify for the Full Amount?
The federal EV tax credit is split evenly into two parts:
- $3,750 if the EV meets battery component manufacturing requirements
- $3,750 if the EV meets critical mineral sourcing standards
Honda EVs must meet one or both requirements to receive the full credit. Some models may only qualify for a partial amount. Eligibility also depends on income level and MSRP limits.
What Conditions Must Be Met for a Honda EV to Qualify for the Federal Tax Credit?
To receive the credit, your Honda EV must:
- Be new and assembled in North America
- Have a battery capacity of at least 7 kilowatt-hours
- Stay under the MSRP threshold: $80,000 for SUVs and trucks, or $55,000 for all other vehicles
Your eligibility also depends on income limits and IRS documentation submitted by the dealership at the time of sale.
How Can Vandergriff Honda in Arlington Help You Make the Most of These EV Incentives?
At Vandergriff Honda, we provide hands-on support to make your EV purchase as seamless as possible. Our Arlington team will:
- Identify which Honda EVs on our lot qualify for the current federal credit
- Explain how income and vehicle qualifications impact your eligibility
We also offer insights on Texas-specific incentives and rebates that could further reduce your cost of ownership.
Why Should You Contact Vandergriff Honda Soon About EV Tax Credits?
With key EV tax credits set to expire, now is the time to act. Reach out to Vandergriff Honda in Arlington, TX today to review qualifying models, ask questions, and take the next step with confidence. Our team is here to help you take full advantage of these time-sensitive savings.
