Government Help Buying A: Car
You may qualify for a credit of up to $7,500 for a new EV or $4,000 for a used EV.
Applies to personal-use cars, SUVs, and trucks under 14,000 lbs. government help buying a car
Securing government help for a car involves navigating different levels of support, ranging from broad federal tax breaks to specialized state grants for low-income families or electric vehicle (EV) buyers. 1. Federal Programs (Available Nationwide) You may qualify for a credit of up
States often have more direct grants for low-income residents, especially for those switching to "clean" vehicles. Driving Clean Assistance Program and trucks under 14
Many dealers allow you to transfer the credit to them to lower the purchase price immediately rather than waiting until tax season. 2. State & Local Assistance
The most significant federal help comes through the in the form of tax deductions and credits.
Phased out for individuals earning over $100k or couples over $200k.