Which Electric Vehicles qualify for Tax Credits in 2025

 

In 2025, the Electric Vehicle market is BOOMING and many potential buyers are making the change or renewing their EV's for a newer model. As with previous years, there are major tax credits and incentives to be had for New Electric Vehicles, so when you're making your decision regarding which vehicles to buy please hear the following advice to ensure you're getting the maximum return possible. 

It can be quite confusing to understand exactly what qualifies a vehicle or which vehicles are eligible, we'll be walking you through the exact requirements today, but if any questions persist please don't hesitate to reach out to a trained Hanna Imports Staff member today with questions and inquiries! To qualify for a Federal Tax Credit for Plug-in Electric and Fuel Cell Electric Vehicles, you must be purchasing for individual or business use - not for resale, and for use in the United States primarily. Additionally there are adjusted gross income requirements as defined by the IRS and for which information can be found at this link addressing tax credit requirements for Electric Vehicles in 2025. For a vehicle to qualify the battery capacity must be at least seven (7) kilowatt hours, have a gross vehicle weight rating of under 14,000 pounds and be made by a qualified manufacturer. Additionally, the sale only qualifies if the vehicle is purchased new - meaning no previous purchases, title owners, registrars or use for any purpose. The seller must report this required information to you at the time of the sale and to the IRS at the time of the sale. For credit redemption purposes, the seller must be registered with the IRS Energy Credits Online and the vehicle must be approved through Energy Credits Online at the time of sale.

Now this is quite the wall of information - worry not! If you need assistance determining if the Electric Vehicle of your dreams is going to deliver a Tax Credit of your dreams, our Hanna Imports staff is passionate about ensuring our drivers get the maximum benefit available and would be happier than a clam to assist you in this purchasing process.