What Should Fort Worth Buyers Know About EV Tax Credits and Charger Incentives Ending Soon?
The federal Clean Vehicle Credit, which offers up to $7,500 in tax savings for qualifying electric vehicles, is scheduled to expire on September 30, 2025. Additionally, the tax credit for installing a home EV charger will end on June 30, 2026. If you’re considering an electric vehicle purchase in Fort Worth, TX, timing is critical.
How Much Can You Save and Who Qualifies?
You may be eligible for up to $7,500 in federal tax credits. The credit is split into two parts: $3,750 if the vehicle meets critical mineral sourcing requirements, and $3,750 if it meets battery component manufacturing rules. Some EVs may qualify for partial credit; others may not qualify at all.
What Are the Eligibility Requirements for Honda EVs?
- Vehicle must be brand new at purchase
- Battery capacity of at least 7 kilowatt-hours (kWh)
- Final assembly in North America
- Manufactured by a qualified automaker
Price limits apply:
- Under $80,000 MSRP for trucks, SUVs, and vans
- Under $55,000 MSRP for all other vehicles
The sale must be reported to the IRS, and you must meet income limits.
Why Is It Important to Act Before These Incentives Expire?
The Clean Vehicle Credit expires on September 30, 2025, and the home charger credit ends June 30, 2026. Delaying your purchase risks losing thousands in potential savings. These programs may not be renewed, so acting now is essential.
How Can Honda of Fort Worth Assist You?
Our team is ready to help you verify if your preferred Honda EV qualifies, guide you through the process, and handle the paperwork to ensure you don’t miss out on these limited-time incentives.
Ready to Take Advantage of These Savings?
Contact Honda of Fort Worth in Fort Worth, TX today. We’ll help you understand your options and maximize your benefits before the tax credits expire!
