What Should Shoppers in Colma Know About the Federal EV Tax Credit Before Buying?
The federal government is offering up to $7,500 in tax credits to support new electric vehicle purchases through the Clean Vehicle Credit program. This incentive is available at the time of sale and can significantly reduce the cost of eligible EVs—but the program is scheduled to end on September 30, 2025, unless extended. There’s also a separate tax credit for home EV charger installations, which ends June 30, 2026.
How Does the $7,500 Tax Credit Break Down for Eligible Ford EVs?
The full credit is split into two parts:
- $3,750 is based on where the EV’s battery components are sourced
- $3,750 is tied to the sourcing of critical minerals in the battery
Not all EVs will qualify for the full amount. The credit your Ford qualifies for will depend on how and where the vehicle was built and sourced.
What Requirements Must Be Met to Qualify for These EV and Charger Incentives?
Here’s what’s required for a Ford EV to qualify:
- The vehicle must be new and assembled in North America
- It must have a battery capacity of at least 7 kWh
- It must be manufactured by a qualified automaker
- MSRP must be below $80,000 for trucks, vans, and SUVs, or $55,000 for other vehicles
- The sale must be reported to the IRS
- The buyer must meet federal income limits
If you're installing a home charger, the tax credit applies to both the equipment and installation costs at a primary residence.
Why Is Timing Critical If You’re Considering a Ford EV in the Bay Area?
Both the vehicle and charger incentives are set to expire soon. The Clean Vehicle Credit is only available through September 30, 2025, and the charger credit ends June 30, 2026. Once these programs expire, they may not return. If you're thinking about making the switch, now is the best time to act.
How Can Serramonte Ford Help You Take Advantage of These Programs?
Our team at Serramonte Ford in Colma, CA can help you navigate the fine print, find qualifying vehicles, and handle the paperwork. We’re here to make sure you don’t miss out on valuable savings as these federal programs wind down.
Start exploring your options and move forward with confidence.
Stop by or contact Serramonte Ford to explore available EVs, confirm eligibility, and get the answers you need before these incentives disappear.