Electric vehicle shoppers in the Sherman area have a limited time to take advantage of the current federal tax credit. The program, which offers up to $7,500 in tax incentives for qualifying EVs, is set to expire on September 30, 2025. After that date, the credit will no longer be available for new electric vehicle purchases.
McKinney residents considering an electric vehicle purchase may want to act soon. Qualifying vehicles, like the impressive new HUMMER EV SUV and new HUMMER EV Pickup, offer an exciting way to go electric while still enjoying capable performance.
What the Federal Electric Vehicle (EV) Tax Credit Covers
The federal electric vehicle tax credit program has offered a tax incentive of up to $7,500 for qualifying EVs since 2010. To be eligible, vehicles must have a battery capacity of at least 4 kWh and be charged from an external source. The credit amount varies based on the vehicle's battery capacity.
Frisco EV enthusiasts should note that the credit is only available to the original purchaser of a new, qualifying vehicle. Leased vehicles are not eligible. The credit is non-refundable, meaning it can only be used to offset your tax liability for the year.
Discover the Exciting HUMMER EV Lineup
If you're looking to go electric in a big way, the HUMMER EV SUVs and Pickups deliver an exhilarating driving experience. These all-electric vehicles combine the off-road prowess HUMMER is known for with the efficiency and instant torque of an electric powertrain. Denison residents can visit Vanguard GMC of Sherman to learn more about the available HUMMER EV models and their impressive capabilities.
Visit Vanguard GMC of Sherman Today
Don't miss out on your chance to save with the federal EV tax credit. Visit Vanguard GMC of Sherman today to explore our selection of qualifying electric vehicles, including the exciting HUMMER EV lineup. Our dealership is located at 3314 Texoma Parkway, Sherman, TX. Stop by or contact us to learn more about the federal EV tax credit and our available vehicles before the September 30th expiration date arrives.