Electric Car Tax Credit Information
Did you know that there are plenty of ways to save on an electrified Lincoln in Texas when you shop at North Park Lincoln? Thanks to a combination of federal EV tax credits and our exclusive specials, various cost-saving opportunities await anyone in the market for an electric car -- including used EVs.
Speak with the auto financing specialists at our Lincoln dealership near San Marcos and we'll walk you through everything from EV tax credit eligibility guidelines to showing you which used vehicles qualify for EV federal tax incentives. Visit us today to get started!
How Much Is the Electric Vehicle Tax Credit for 2025?
The 2025 EV tax credits remain unchanged from last year. Eligible new cars qualify for up $7,500 in tax credits; the limit for used cars is $4,000.1
How Do Vehicles Qualify for the Federal EV Tax Credit?
There are stringent qualifications a vehicle must meet in order to qualify for the federal EV tax credit. Eligible EVs must:1
- Have a battery capacity of at least 7 kilowatt-hours.
- Have a gross vehicle weight rating of less than 14,000 pounds.
- Be made by a qualified manufacturer. See the government's index of qualifying manufacturers and vehicles.
- Undergo final assembly in North America.
- Meet critical mineral and battery component requirements.
Are Used Electric Cars Eligible for Tax Credits?
Yes, many pre-owned EVs qualify for federal tax benefits. In fact, if you purchase a pre-owned EV for $25,000 or less, you can enjoy a credit of 30% of the purchase price, up to $4,000.1 This means you can buy a used electric car in San Antonio and enjoy even bigger savings than what the sticker price already offers.
Who Qualifies for the Federal Used EV Tax Credit?
The credit is available to both individuals and businesses, but there are specific requirements for qualifying, which include:1
- You must buy the vehicle for your own use, not for resale.
- You must not be the original owner.
- Your modified adjusted gross income (AGI) may not exceed:
- $150,000 for married couples filing jointly
- $112,500 for heads of households
- $75,000 for all other filers
How Do I Get My Electric Vehicle Tax Credit?
Thanks to the latest EV tax credit updates, you no longer have to wait until tax season in order to claim your credit -- you can now work directly with us to realize your savings at the time of purchase.1 To learn more about how this works, we encourage you to reach out to our team. One of our specialists can explain the process of transferring clean vehicle tax credits to claim immediate savings.
Visit Our San Antonio Lincoln Dealership Today
Contact North Park Lincoln to learn more about eligibility requirements for federal EV tax credits. As your local experts on federal electric vehicle incentives, we can't wait to help you upgrade to an EV for even less than you expected.
Read More: Why Buy from Us | Lincoln Cost of Ownership | Lincoln Model Showroom
1 Information listed here is accurate at time of publishing. Tax credits are subject to change.