What Should Austin Drivers Know About Recent Changes to the Federal EV Tax Credit and Home Charger Incentives?
Federal programs supporting electric vehicle ownership are undergoing changes. The Clean Vehicle Credit, offering up to $7,500 in tax savings, is scheduled to expire on September 30, 2025, unless Congress takes action to extend it. Additionally, the federal credit for installing a home EV charger is ending on June 30, 2026. If you’re in Austin and thinking about buying an EV or installing a charger at home, it’s important to plan before these incentives run out.
How Is the $7,500 Federal EV Tax Credit Calculated, and What Determines Your Eligibility?
The EV tax credit is made up of two parts:
- $3,750 if the vehicle meets critical mineral sourcing requirements
- $3,750 if it meets battery component sourcing requirements
Some vehicles qualify for only one of the two parts and are eligible for a $3,750 credit. Those that meet both requirements can claim the full $7,500, while vehicles meeting neither are not eligible for the credit.
What Vehicle Requirements Must Be Met to Qualify for the Clean Vehicle Credit?
To qualify for the federal EV tax credit, a vehicle must:
- Be new at the time of sale
- Have a battery capacity of at least 7 kilowatt-hours
- Weigh less than 14,000 pounds
- Be assembled in North America
- Be built by a qualified manufacturer
There are also MSRP limits:
- $80,000 for trucks, vans, and SUVs
- $55,000 for all other vehicles
The dealership is also responsible for submitting buyer and vehicle information to the IRS to confirm eligibility.
When Do These Federal EV Programs Expire, and Is There a Possibility for an Extension?
The Clean Vehicle Credit is scheduled to expire on September 30, 2025, and the home charger installation credit ends on June 30, 2026. While these dates may be extended in the future, no changes have been confirmed, so it’s best to take action under the current timelines.
What Should I Do If I’m Planning to Buy a Chevrolet EV in Austin, TX?
Start by verifying if the Chevrolet model you’re interested in qualifies under the current guidelines. You can review the list of eligible vehicles on the IRS website or contact Capitol Chevrolet. Taking action before the credit deadlines can help you save more and simplify the purchase process.
How Can Capitol Chevrolet in Austin Help You Navigate EV Incentives and Charger Credits?
At Capitol Chevrolet, we’re committed to helping Austin-area drivers understand and maximize federal EV incentives. Whether you're considering the Silverado EV, Blazer EV, or Bolt EUV, our team can explain which models qualify, how the credit works, and what steps to take next—including home charging solutions.
How Can I Contact Capitol Chevrolet to Learn More or Start My EV Purchase?
To get expert guidance on EV tax credits, qualifying vehicles, and charger incentives, reach out to Capitol Chevrolet in Austin, TX today. We’re here to make your transition to electric driving as smooth and informed as possible.
