What Should Nissan Buyers in Albuquerque Know About EV Tax Credits?
The federal Clean Vehicle Credit offers up to $7,500 in savings for eligible electric vehicle purchases. This credit is set to expire on September 30, 2025, unless Congress renews it. Additionally, there’s a separate tax credit for installing a home EV charger available through June 30, 2026. Timing your purchase is key to maximizing savings.
How Is the $7,500 Federal EV Tax Credit Structured?
The credit consists of two parts:
- $3,750 for meeting battery component sourcing requirements
- $3,750 for meeting critical mineral sourcing requirements
Depending on the vehicle’s components and assembly, some Nissan EVs may qualify for the full credit, while others may be eligible for a partial amount.
What Are the Eligibility Requirements for Nissan EVs?
To qualify for the Clean Vehicle Credit, a Nissan EV must:
- Be 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 Is It Important to Act Before These Incentives Expire?
The Clean Vehicle Credit ends on September 30, 2025, and the home charger credit expires on June 30, 2026. Without an extension, these savings will no longer be available. Acting now ensures you don’t miss out on valuable incentives.
How Can Reliable Nissan Help You Take Advantage?
Our team at Reliable Nissan in Albuquerque, N M, is here to help you verify which Nissan EV models qualify, explain the credit’s details, and guide you through IRS reporting and paperwork. We’re committed to helping you make the most of available incentives.
Ready to Explore Nissan EV Incentives?
Visit Reliable Nissan or contact us today to learn more about eligible vehicles and how to claim your federal tax credits before time runs out.