IRS Electric Vehicle Tax Credit 2025

Up to $7,500: Tax credit for new EVs.

Income limits: Check eligibility.

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Price caps: $80,000 for SUVs/trucks, $55,000 for others.

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Made in North America: Final assembly matters.

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Battery sourcing: Requirements apply.

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New EVs only: Purchased in/after 2023.

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Tax liability: Credit offsets what you owe.

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IRS website/tax pro: Get the details!

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