Claim the Federal EV Tax Credit Near Dover, NJ
Drivers looking to modernize their commute have a unique opportunity at Nielsen Ford of Morristown. If you're interested in lowering your ownership costs and reducing your carbon footprint, the current federal Clean Vehicle Tax Credit makes new Ford EVs more accessible than ever.
With this incentive set to expire September 30, 2025, the window to claim these valuable savings is closing fast.1 Whether you're a first-time EV owner or thinking of upgrading from your current model, acting now at our Ford dealership near Dover will ensure you maximize your benefits before the program ends!
When Will the Federal EV Tax Credit End?
The federal Clean Vehicle Tax Credit expires September 30, 2025.1 This deadline is crucial if you want to reduce the cost of your new Ford electric vehicle by up to $7,500.1 After this date, the existing federal tax credit will no longer be available for qualifying EVs, so prompt action is essential for anyone looking to take advantage of the savings offered by this program.
Which Ford Electric Vehicles Qualify for the Tax Credit?
Certain configurations of the Ford F-150 Lightning are currently the only new Ford EVs that satisfy all federal battery sourcing rules and therefore receive the full $7,500 credit.1 For the most accurate, up-to-date details about qualifying models, please connect with our staff or visit fueleconomy.gov.
Who's Eligible for the Clean Vehicle Tax Credit?
There are a few important criteria that buyers need to meet to secure the federal EV tax credit:
- You must buy the vehicle for your own use, not for resale.
- It must be used primarily in the U.S.
- Your modified adjusted gross income (AGI) may not exceed:
- $300,000 for married couples filing jointly
- $225,000 for heads of households
- $150,000 for all other filers
- Qualifying vehicles must:
- Have a battery capacity of at least 7 kilowatt hours.
- Have a gross vehicle weight rating of less than 14,000 pounds.
- Be made by a qualified manufacturer.
- The vehicle must undergo final assembly in North America.
- The vehicle's manufacturer suggested retail price (MSRP) can't exceed $80,000 for vans, sport utility vehicles and pickup trucks or $55,000 for other vehicles.
If you meet these standards and purchase your vehicle before September 30, 2025, you can qualify for the tax incentive.
Is There an EV Tax Credit in New Jersey?
Yes, New Jersey provides its own additional EV savings benefit through the Charge Up New Jersey program. This incentive delivers up to $4,250 in state rebates for qualifying electric vehicles and home chargers, and can be paired with the federal tax credit for even more total savings.
Availability and program details may change, so our Morristown Ford finance experts are happy to guide you through the qualifying process and help you access every possible advantage before incentives change or expire.
New Ford Electric Vehicles Near Me
If you're considering an all-electric Ford in New Jersey, now is the perfect time to make your move before the federal credit expires. To learn which models qualify or to start the buying process, contact Nielsen Ford of Morristown.
Our specialists will handle your questions and help secure all applicable incentives as you transition to your next Ford EV. Don't wait -- act before the September 30, 2025, deadline and avoid missing out on significant EV savings!
Learn More: Why Buy from Us? | Ford EV Lineup | Is Now a Good Time to Buy?
1 Information listed here is accurate at time of publishing. We encourage you to speak with a tax professional.