What Should Phoenix Nissan Drivers Know About EV Tax Credits?
The federal EV tax credit is changing. Right now, buyers may qualify for up to $7,500 in tax savings through the Clean Vehicle Credit—set to end September 30, 2025, unless renewed. There's also a separate tax credit for home EV charger installations, but that one ends June 30, 2026. If you're thinking about an EV, it's smart to get familiar with the requirements now.
How Much Can You Claim—and What Determines the Credit Amount?
Not all electric vehicles qualify for the full $7,500.
- $3,750 is tied to battery component sourcing
- $3,750 depends on where battery minerals come from
Some Nissan models may qualify for the full amount, others may only meet part of the criteria. The credit is vehicle-specific and changes over time.
What Must a Nissan EV Meet to Be Eligible?
To claim the credit, the Nissan EV must:
- Be new at time of purchase
- Have a battery with at least 7 kWh capacity
- Be assembled in North America
- Be manufactured by a qualified automaker
- Meet MSRP limits:
- $80,000 for trucks, vans, SUVs
- $55,000 for other vehicles
- Be sold through a dealer who reports the sale to the IRS
- Be purchased by someone who falls within the income limits
Why Is It Important to Act Before These Incentives Expire?
If you wait too long, you could lose out. The Clean Vehicle Credit expires after September 30, 2025. The home charger credit ends June 30, 2026. There's no guarantee they’ll be renewed. With electric options gaining popularity, acting now could lock in value.
How Can Midway Nissan Help?
Midway Nissan in Phoenix, AZ is here to guide you through the latest EV policies. Whether you're looking into the Nissan ARIYA, LEAF, or just exploring your options, our team can help you determine which models qualify and how much you might save.
Thinking About Going Electric?
Stop by or contact Midway Nissan to learn more about available credits and deadlines. Let’s make your transition to electric simple and timely.