When you buy an electric vehicle, you may be eligible to claim EV tax credits to help you save even more. Our Ford dealership near Boston has an excellent selection of new Ford models, from the Mustang Mach-E to the new Ford F-150 Lightning. When you buy or lease a new electric car from us, you could qualify for available Massachusetts EV tax credits.
Making the switch to an EV in Massachusetts won’t just help you save at the pump -- it could help you save thanks to electric car tax incentives from the IRS. New Ford EVs and plug-in hybrid models can qualify, so don’t hesitate to stop by our nearby Ford dealer to speak with a sales expert about our selection. We’ll show you the different electric cars for sale and help you get the keys to the one you’d like to claim as your own.
Who Qualifies for the Federal EV Tax Credit?
The EV tax credit is available to both individuals as well as businesses. However, there are requirements for qualifying, which include:
- 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
What Is the EV Tax Credit Amount?
Vehicles placed into service after April 18, 2023, are eligible for:
- $3,750 if the vehicle meets the critical minerals requirement only1
- $3,750 if the vehicle meets the battery components requirement only1
- $7,500 if the vehicle meets both requirements1
Learn More: Custom Order a New Ford EV
Does Massachusetts Offer EV Tax Credits?
When you buy an EV in Massachusetts, you can qualify for a tax credit valued between $3,500 and $6,000. This is available through the Massachusetts Offers Rebates for Electric Vehicles (MORE-EV) program.
How Do Vehicles Qualify for the Federal EV Tax Credit?
In order to qualify for the federal EV tax credit, the vehicle must meet the following eligibility requirements:
- Have a battery capacity of at least 7 kilowatt hours
- Have a gross vehicle weight rating of less than 14,000 pounds
- Be manufactured by a qualified manufacturer
- Undergo final assembly in North America
- Meet critical mineral and battery component requirements
Additionally, the sale only qualifies if:
- You buy the vehicle new
- The seller reports required information to you at the time of sale and to the IRS
- Sellers report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit
In addition, the vehicle's manufacturer suggested retail price (MSRP) can't exceed:
- $80,000 for vans, sport utility vehicles and pickup trucks
- $55,000 for other vehicles
Which Ford Electric Vehicles Are Eligible for Tax Credits?
While not every Ford EV will qualify for the tax credit, some of the brand’s electric cars and PHEVs may qualify. Check out the Fuel Economy website to see which vehicles are eligible.
If you have questions about EV tax credits or want to learn more about our Ford electric cars for sale in Massachusetts, let us know! We’re here to answer your EV questions and help you get behind the wheel of a new F-150 Lightning, Mustang Mach-E or Ford Escape Hybrid. Browse new Ford specials and visit us at Herb Chambers Ford of Braintree today!
1 Information listed here is accurate at time of publishing. Tax credits are subject to change.
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