Which Chevrolet EVs Are Eligible for the 2025 $7,500 Federal Tax Credit?

The EV tax credit is a great way to save money when buying a new electric vehicle in Wallingford. However, not all models qualify. If you’re considering an all-electric Chevy, it’s important to know which ones meet the used EV tax credit qualifications and new EV rebates and incentives.

At Hamden Chevrolet, we’ll help you maximize your savings and find the right Chevy Blazer EV or Equinox EV for your needs. If you have any questions about our used EV tax credit qualifications, reach out to us. 

Chevrolet EVs that Qualify for the 2025 Federal Tax Credit

The 2025 EV tax credit applies to new electric vehicles that meet specific EV rebates and incentives criteria. The IRS sets requirements based on battery sourcing, assembly location, and MSRP. Our eligible Chevrolet models include: 

• Chevy Blazer EV: This stylish and powerful electric SUV meets the federal tax credit requirements, helping you save on your purchase.
• Equinox EV: A versatile and budget-friendly SUV, the Equinox EV is eligible for the full federal EV tax credit in 2025.

The Chevy Silverado EV, our outstanding all-electric pickup truck, does not qualify for the EV tax credit at this time, nor does the Chevy Bolt EV. The model you choose must be under $80,000 MSRP to take the tax credit.

Understanding New EV Tax Credit Requirements

To qualify for the EV tax credit, your vehicle must meet these guidelines:

• New EV: Must be a new, qualified plug-in EV or fuel cell electric vehicle (FCV).
• Manufacturing: Must be assembled in North America.
• Battery sourcing requirements: At least 60% of the battery’s components must be manufactured or assembled in North America. 
• MSRP limits: Vans, sport utility vehicles, and pickup trucks must not have an MSRP above $80,000, and all other vehicles may not have an MSRP above $55,000. 
• Income limits for buyers: Individuals making under $150,000 per year (or $300,000 for joint filers).

Understanding Used EV Tax Credit Requirements

• Maximum Credit: Up to $4,000.
• How it Works: The credit equals 30% of the sale price, up to a maximum of $4,000.
• Used EV: Must be a used, qualified clean vehicle.
• Sales Price: The sale price must be below $25,000.
• Income Limits: Taxpayer’s MAGI must be below certain thresholds.

How to Claim Your EV Tax Credit

Purchasing a Chevy Blazer EV or Equinox EV at Hamden Chevrolet means you could qualify for significant EV rebates and incentives. Here’s how:

• Confirm eligibility with a dealership expert
• Ensure your income meets federal limits
• File IRS Form 8936 when submitting your taxes
• Receive up to $7,500 off your tax liability

Find Your Chevrolet EV at Hamden Chevrolet

If you’re ready to go electric, Hamden Chevrolet has a great selection of qualifying Blazer EV and Equinox EV models. Our team can help you navigate EV rebates and incentives so you get the most out of your purchase. Explore our Chevrolet EV lineup today and take advantage of the 2025 EV tax credit! Then, schedule your Chevrolet EV test drive in Hamden, near North Haven.