How Is the Federal EV Tax Credit Program Changing and What Does It Mean for Acura Buyers in Arlington?
The federal government is updating its Clean Vehicle Credit program, which offers up to $7,500 in tax savings. This credit is set to expire on September 30, 2025, unless Congress acts to extend it. The separate tax credit for installing a home EV charger will end sooner, on June 30, 2026. These upcoming changes could impact the incentives available when you purchase a new Acura electric vehicle.
If you’re considering an Acura EV, understanding these deadlines and qualifications is essential to maximizing your benefits.
How Is the $7,500 Federal EV Tax Credit Structured and What Determines If You Qualify?
The total credit breaks down into two equal parts:
- $3,750 for meeting critical mineral sourcing requirements
- $3,750 for meeting battery component manufacturing requirements
Some Acura EVs may qualify for the full credit if both criteria are met. Others might receive only a partial credit or none at all, depending on how and where the vehicle is built. Your income level and the vehicle’s price also affect eligibility.
What Vehicle and Buyer Criteria Must Be Met for an Acura EV to Qualify for the Credit in Arlington?
To be eligible, the Acura EV must:
- 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 Should You Contact Vandergriff Acura in Arlington Now to Make the Most of These EV Incentives Before They Expire?
At Vandergriff Acura in Arlington, our team is ready to support your EV purchase. We’ll help you identify which Acura EV models currently qualify under federal rules and guide you through your eligibility based on income and vehicle qualifications.
With federal EV incentives scheduled to end soon, acting promptly is crucial. Contact Vandergriff Acura in Arlington, TX to explore your options, verify eligibility, and ensure you claim every available tax credit before the programs expire. Our experts are here to guide you every step of the way.
