What Should North Texas Drivers Know About the EV Tax Credit?
The federal EV tax credit known as the Clean Vehicle Credit can reduce your tax burden by up to $7,500 when you purchase a qualifying Nissan EV. However, the current credit program ends September 30, 2025, unless extended. A separate home EV charger credit runs through June 30, 2026.
How Is the $7,500 Credit Calculated?
The tax credit is split into two parts:
- $3,750 if the battery components are sourced from North America
- $3,750 if the critical minerals come from a qualifying trade partner
Nissan EVs may qualify for part or all of the credit depending on the model year and how it was built.
What Makes a Nissan EV Eligible for the Federal Tax Credit?
Your vehicle must meet these conditions:
- Be new and built by a qualified manufacturer
- Use a battery with 7 kWh or greater capacity
- Be assembled in North America
Price limits apply:
- $80,000 MSRP for trucks, SUVs, and vans
- $55,000 MSRP for all other vehicles
The sale must be reported to the IRS, and you must meet income limits.
Why Is It Important to Act Before the Deadline?
These federal incentives are winding down. If you wait too long, your vehicle or income may no longer qualify. Planning your EV purchase now could make a significant difference in what you save.
How Can Nissan of McKinney Help You Take Advantage of EV Incentives?
At Nissan of McKinney we’ll help you understand the qualifications, keep an eye on deadlines, and connect you with vehicles that fit both your lifestyle and the current incentive structure.
Ready to Explore Your EV Benefits at Nissan of McKinney?
Connect with Nissan of McKinney to review your eligibility and take advantage of available tax savings while they last.