Tour of Our EV-Hybrid BMVW Facility
Summary of Government Instant Credit for the Purchase of EV-Hybrid and Electric Vehicles
This limited-time incentive program is set to expire at the end of September 2025
Up to $4,000, calculated as 30% of the vehicle's sale price for electric vehicles and hybrids.
More Information from US Government
Who Qualifies for the EV-Hybrid BMVW Credit?
- Must be an individual using the hybrid or electric vehicle for personal use
- Must not have claimed another EV-Hybrid BMVW or electric vehicle credit in the past 3 years.
- Income limits:
- $150,000 for married filing jointly or surviving spouse.
- $112,500 for heads of households.
- $75,000 for all other filers.
Vehicle Requirements for EV-Hybrid and Electric Vehicles
- Year model must be at least 2 years old relative to the purchase year.
- Battery capacity must be at least 7 kilowatt hours.
- The total sale price including dealer fees must not exceed $25,000.
- It must be purchased from a qualifying dealer that's registered with the IRS.
