Ford EV Tax Incentives for 2023
When considering making the switch to an all-electric vehicle, it’s likely that you’ve considered the various benefits that come from driving an EV. From thrilling performance and a positive impact on our environment to spending less time and money at the gas station – it’s easy to see why more and more drivers are making the switch to a Ford EV. However, there’s one additional advantage that can make your next EV purchase significantly more rewarding.
All three of the current Ford EVs and current plug-in hybrid models are eligible for Inflation Reduction Act federal tax credits*. Combined with the already attractive value of a Ford EV, these additional credits can make your purchase much more attractive. Germain Ford of Beavercreek has created this handy reference guide that covers the current EV tax credits along with their availability by model.
Current Ford EV & PHEV Tax Credits
EVs
Plug-In Hybrids
For any eligible customers who take delivery of a Ford EV prior to April 18, 2023 the eligibility amount will be $7,500. All of these consumer incentives require the vehicle MSRP be at or below $80,000, and that the purchaser must meet certain income limits. Every one of these vehicles is assembled in North America, which is another requirement for the consumer tax incentive*.
As an alternative to the consumer incentive, commercial customers are eligible for commercial tax incentives of as much as $7,500 on all these vehicles*.
Our team at Germain Ford of Beavercreek is standing by to help you choose the right Ford EV or PHEV for your lifestyle and provide you with the latest information surrounding available federal tax credits and other incentives.
*The information above does not constitute tax planning advice, as individual tax situations may vary. The information presented was accurate at time of publishing. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to individual tax situations.
Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, license, and a $250 Documentation Fee.
‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week. Invoice may not reflect dealer's actual cost, invoice available upon request. All vehicle sales are final. We offer a 72-hour exchange on all vehicle purchases, except for Wholesale Direct Vehicles in place of returns. Must be exchanged for an in-stock unit within 72-hours, certain restrictions apply, see dealer for complete details.
