EV Deals & Incentives

The IRA clean vehicle credits (30D new EV, 25E used EV, 45W commercial) expired September 30, 2025. The new Car Loan Interest Deduction under the OBBBA allows up to $10,000/year in auto loan interest deductions for new American-made vehicles including EVs, on loans originated January 2025 through December 2028. The Section 30C EV Charger Tax Credit also remains available through June 30, 2026, covering 30% of installation cost up to $1,000 for residential or $100,000 for commercial installations.

Only if you acquired the EV before October 1, 2025 with a binding contract and payment by that deadline — in which case you can still claim it on your 2025 or 2026 tax return. Anyone who purchased on or after October 1, 2025 cannot claim the credit. The used-EV credit ($4,000 or 30% of sale price, whichever is less) has the same cutoff date.

With federal purchase credits ended, state programs are now the primary source of EV savings. The five most generous state programs this year: California (up to $12,000 combined for income-qualified residents via Clean Cars 4 All), Maine (up to $7,500 through Efficiency Maine), Connecticut (up to $5,000 via CHEAPR), Massachusetts (up to $4,500 through MOR-EV), and New Jersey (up to $4,000 plus sales tax exemption through Charge Up NJ). State funding is finite and programs frequently pause when annual budgets run out — always check program status before banking on a specific rebate.

Yes, almost always. State and utility rebates are post-purchase (you get the check after you buy), so they don't affect the manufacturer's pricing at all. That means a Ford Mustang Mach-E leased under a $239/mo promo in New Jersey can still stack: $239/mo lease + $4,000 NJ Charge Up rebate + sales tax exemption. The only exception: some manufacturer lease deals require you not claim certain incentives — always read the lease disclaimer.

For most buyers, yes — specifically because manufacturers are still passing through the expired $7,500 federal commercial EV credit on leases (45W, which legally belongs to the leasing bank). That means a lease on an EV like the Hyundai Ioniq 5 effectively still includes a $7,500 discount that buyers paying cash cannot access. The catch: at lease end you must return the vehicle or pay residual value to buy it. For buyers who keep cars 8+ years, financing is usually better overall; for buyers who upgrade every 3 years, leasing is currently the cheapest path.

Manufacturer lease and APR offers change monthly — sometimes more often when inventory shifts. State rebate programs typically update quarterly, though a few (like California's CVRP) have paused and resumed multiple times in the past two years. This page is refreshed with the latest verified offers on the "last updated" date shown above. For real-time verification, always cross-check with the manufacturer's website or the official state program page before ordering.

Yes, if the installation occurred after the credit was enacted and you haven't already claimed it. The Section 30C residential credit covers 30% of hardware and installation costs up to $1,000 — and it applies to installations completed between 2023 and June 30, 2026. Save your receipts for the charger itself, any electrical panel work, and the permit fees, then claim via IRS Form 8911 on your tax return.