It has never been easier to save on a new EV. The new federal instant rebates are applied at the dealership and can save you up to $7,500 on many new EVs.
Unlike previous federal tax credits which were applied when you filed your taxes, the new tax credit doesn’t require you to wait. They are instantly applied at the point of sale. No extra paper work during tax season, no guessing how much it will save you, and no waiting to get your money back.
Peninsula Clean Energy is here to make the switch to an EV seamless for you. We’ve outlined everything you need to know about the new instant rebates here.
We also have an independent EV Advisor ready to help you figure out which rebates apply to you, assess the best EV models that fit your lifestyle and budget, learn about charging EVs, and anything else you need to know about switching to an EV. Our EV Advisors aren’t salespeople – they’re deeply knowledgeable about EVs and are here to inform, advise, and support you.
Which vehicles qualify for the new federal instant rebate?
Many of the most popular new EV models that fit a variety of lifestyles qualify for these instant rebates.
Tesla’s models 3, X, and Y are eligible for up to $7,500 in instant rebates. Rivian’s SUVs and trucks are eligible for up to $3,500 in instant rebates. Chevy’s Bolt EV, Bolt EUV, Blazer EV, and Equinox EV are eligible for up to $7,500 in instant rebates.
You can explore the complete list of new EVs eligible for instant rebates at FuelEconomy.gov
The instant rebate can be used for vehicles less than 14,000 pounds and maximum purchase prices apply: $80,000 for SUVs, pickup trucks, and vans; $55,000 for other vehicles. Rebates are worth up to $3,750 or $7,500 depending on the vehicle you choose.
Which buyers qualify?
While many households will qualify for the federal instant rebates, there is an income cap based on your modified adjusted gross income. Check your latest tax return to see if you qualify.
Filing status | Income Limit – Modified Adjusted Gross Income |
Married, filing jointing | $300,000 |
Head of Household | $225,000 |
Married, filing separately | $150,000 |
Single | $150,000 |
Before signing a purchase contract, consider talking to a tax advisor to verify your eligibility.
Talk to an independent EV Advisor
Switching from a gas-powered car to an EV can seem like a big shift. That’s why we have a team of knowledgeable EV advisors who can answer your questions and help guide you through the process. We’ll walk you through which rebates you may qualify for and answer any questions you may have about owning an EV or charging.
Contact our team to get started today.