What Should Mazda Buyers in Springfield Know About EV Tax Credits?
The federal Clean Vehicle Credit offers up to $7,500 in savings when purchasing a qualifying electric vehicle. This incentive is set to expire on September 30, 2025, unless Congress extends it. A separate tax credit for home EV charger installation is available through June 30, 2026. Acting timely can help you maximize your savings.
How Is the $7,500 EV Tax Credit Structured?
The credit is split evenly into two parts:
- $3,750 for meeting battery component sourcing requirements
- $3,750 for meeting critical mineral sourcing requirements
Depending on the vehicle’s build and battery sourcing, you may qualify for the full credit or a partial amount.
What Are the Eligibility Requirements for Mazda EVs?
To qualify, your Mazda EV must:
To qualify for the Clean Vehicle Credit, a vehicle must:
- Be brand new at the time of purchase
- Contain a battery with at least 7 kWh capacity
- Be assembled in North America
- Be manufactured by a qualified company
- Remain under the MSRP cap: $80,000 for trucks/SUVs/vans and $55,000 for other vehicles
Additionally, the sale must be reported to the IRS, and income limits for buyers apply.
Why Should Mazda Buyers Act Before These Credits Expire?
The Clean Vehicle Credit will end on September 30, 2025, and the home charger credit expires June 30, 2026. These deadlines are firm unless extended. Acting now helps you secure thousands in savings while the program lasts.
How Can Reliable Mazda Help You Navigate the Process?
At Reliable Mazda in Springfield, MO, our team can assist in confirming vehicle eligibility and explaining program details. We aim to make your EV purchase and charger installation seamless.
